Pent up demand of £5.5bn waiting for freedoms

Michael Klimes
clock

Up to £5.5bn is being sat on by retirees who have deferred taking their pensions ahead of the changes coming in this April, according to Origo.

Since the loosening of the defined contribution retirement process was announced in the Budget, many members have put off buying an annuity and the money remains untouched. Insurers have seen pr...

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

TPR launches phased communications programme for DC schemes

TPR launches phased communications programme for DC schemes

Programme will ensure DC plans are ready for the higher Pension Schemes Act standards

Holly Roach
clock 25 June 2026 • 2 min read
Partner Insight: From policy ambition to practical capital - the value of listed infrastructure investment companies

Partner Insight: From policy ambition to practical capital - the value of listed infrastructure investment companies

Minesh Shah, Managing Director, The Renewables Infrastructure Group
clock 19 June 2026 • 5 min read
VfM will be 'core' driver of better member outcomes, TPR says

VfM will be 'core' driver of better member outcomes, TPR says

Regulator says trustees cannot afford to stand still amid push towards consolidation in DC

Martin Richmond
clock 18 June 2026 • 2 min read
Trustpilot