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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Pension schemes 'pulling ahead' of sponsors on ESG progress, LawDeb says

Pension schemes 'pulling ahead' of sponsors on ESG progress, LawDeb says

Research finds finance leaders believe scheme is ahead with progress on environmental targets and social impact

Holly Roach
clock 06 May 2025 • 2 min read
London CIV launches pensions advisory and support service

London CIV launches pensions advisory and support service

LGPS PASS aims to reduce costs and boost long-term sustainability with LGPS funds

Martin Richmond
clock 06 May 2025 • 2 min read
Aegon completes connection to pensions dashboards ecosystem

Aegon completes connection to pensions dashboards ecosystem

Firm has connected largest schemes to the architecture, covering around 70% of policies

Holly Roach
clock 06 May 2025 • 1 min read
Trustpilot