New Delhi, Nov. 2 -- India is one of the youngest nations today, but it's ageing fast. In just a few decades, we may have more senior citizens than the entire US population. India has a window to prepare, and the recent industry focus on post-retirement income marks a welcome shift from accumulation-centric thinking to a more outcome-oriented approach centred on income security.

A consultation paper released by the Pension Fund Regulatory and Development Authority (PFRDA) on 30 September outlines three concepts for post-retirement decumulation mechanisms. This might sound technical, but the underlying message is simple - focus on retirement income, not just account balances. It's an approach rooted in outcomes rather than investments. Fo...