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

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Festina Finance enters UK pensions admin market, Schroders scheme invests in LTAF and £900m bulk annuity deal

Professional Pensions
clock 27 June 2025 • 1 min read
News Digest: PCS announces six weeks of strikes at Civil Service Pension Scheme administrator MyCSP

News Digest: PCS announces six weeks of strikes at Civil Service Pension Scheme administrator MyCSP

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 27 June 2025 • 1 min read
Renting in retirement halves chances of reaching minimum living standard

Renting in retirement halves chances of reaching minimum living standard

Having to pay housing costs in retirement reduces chances of minimum RLS to 43%

Martin Richmond
clock 24 June 2025 • 3 min read
Trustpilot