Majority of savers plan to take pot as cash

clock

The majority of defined contribution (DC) savers plan to take their pension pot as cash once restrictions are removed, according to Barclays Corporate and Employer Solutions (C&ES).

Research across 2,000 DC members showed 56% would opt for a cash lump sum at retirement, with 64% welcoming the government's decision to grant more flexibility to pension savers. Earlier researc...

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

Industry not convinced that Sterling 20 initiative will help schemes invest more in UK assets

Industry not convinced that Sterling 20 initiative will help schemes invest more in UK assets

PP poll finds industry not in agreement over whether initiative will boost UK investment

Holly Roach
clock 31 October 2025 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

£4.6bn buy-in deal, Barnett Waddingham full-year accounts, People’s Pension appoints Invesco

Professional Pensions
clock 31 October 2025 • 1 min read
HMRC repays £48.5m in overpaid pensions tax in Q3 2025

HMRC repays £48.5m in overpaid pensions tax in Q3 2025

Analysis finds savers have recouped more than £1.5bn since introduction of pension freedoms in 2015

Martin Richmond
clock 31 October 2025 • 4 min read
Trustpilot