Cash requests tail off as pension freedoms bed down

clock

The proportion of people looking to take their pensions as cash has declined by almost a third over the weeks since the launch of the freedom reforms, according to research.

But experts say it is too soon to start drawing conclusions about the effects Chancellor George Osborne's changes will have on the broader pensions market. Only 50% of customers at Scottish Wido...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Buzz: Is pensions adequacy the challenge of our time?

Buzz: Is pensions adequacy the challenge of our time?

Pensions adequacy challenge, IHT on pension pots and means-tested state pension

Professional Pensions
clock 18 August 2025 • 1 min read
Aviva launches guaranteed fixed term annuity

Aviva launches guaranteed fixed term annuity

Annuity will offer members a guaranteed income over a fixed term from three to 25 years

Martin Richmond
clock 18 August 2025 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Rolls-Royce and PIC agree £4.3bn buy-in, seven LGPS funds intend to join Border to Coast, IHT on pensions pre-55 slammed

Professional Pensions
clock 15 August 2025 • 1 min read
Trustpilot