Automatic guidance enrolment necessary as pension withdrawals rise, says Just

Withdrawals have hit £10bn barrier

clock • 2 min read

People should be 'auto-enrolled' into Pension Wise guidance when looking to access their pension pots as research suggests an increasing reliance on pension money to fund everyday lives, provider Just has warned.

Just referred to figures from HM Revenue and Customs (HMRC), which found more than £10bn had been accessed flexibly since the introduction of pension freedoms in 2015, with the highest number of pe...

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 Defined Contribution

People's Pension launches retirement income planning tool

People's Pension launches retirement income planning tool

Tool will provide members with the option to have their income adjusted for inflation

Martin Richmond
clock 05 December 2025 • 3 min read
Government must address 'critical' CDC challenges

Government must address 'critical' CDC challenges

Industry bodies say retirement CDC model has lots of ‘moving parts’ which may act as a hindrance

Martin Richmond
clock 04 December 2025 • 6 min read
The role of UK real estate in DC pensions

The role of UK real estate in DC pensions

Building the investment case for including UK property in DC

Jonathan Stapleton
clock 04 December 2025 • 16 min read
Trustpilot