Retirement plan experts applaud raising RMD

They say it will give retirement plan participants a longer window in which to increase their savings, tax deferred.

Retirement plan experts have applauded the regulatory change to increase the required minimum distribution (RMD) age from 70.5 to 72, as directed by the Setting Every Community Up for Retirement Enhancement (SECURE) Act. The proposed Securing a Strong Retirement Act of 2020, which many are calling the “SECURE Act 2.0” would raise it even higher, to age 75.

Read the full article

About Smart

Smart is a global savings and investments technology platform provider. Co-founded in 2014 by Andrew Evans, Group CEO, and Will Wynne, Group MD, it is one of the UK's largest providers of workplace pensions. Its award-winning master trust, Smart Pension, is overseen by independent professional trustees.

In 2020 Smart Pension was named Master Trust Offering of the Year at the Pension Age Awards. Other awards include DC Master Trust of the Year, DC Innovation of the Year and Retirement Innovation of the Year in the 2019 UK Pensions Awards. Smart Pension was also named European Pension Fund of the Year 2019 in the European Pension Awards.

Legal & General Investment Management (LGIM), J.P. Morgan, Link Group, Natixis Investment Managers and Barclays are all investors in Smart.

We tweet as @SmartPensionUK.

For media enquiries

Contact the Smart press office on 020 8016 2553 or email