Nearly two-thirds of trust-based schemes have not embraced drawdown

Kristian Brunt-Seymour
clock • 2 min read

More than 60% of trust-based schemes do not provide access to a flexible drawdown facility, suggesting a slow response to the April freedoms, according to Willis Towers Watson.

The firm's Pensions Flexibility Study published today found that just 7% of the 222 trust-based schemes surveyed provided flexi-access drawdown within their trust. The firm said while the number...

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 publishes updated capital reserve guidance for DC master trusts

TPR publishes updated capital reserve guidance for DC master trusts

Regulator says it will publish annual data on reserving practices from 2027

Martin Richmond
clock 20 March 2026 • 2 min read
Partner Insight: A just transition in banking – support for pension investors

Partner Insight: A just transition in banking – support for pension investors

Royal London Asset Management share what four years of collaborative engagement with the UK's largest banks revealed about progress, gaps and what comes next

Royal London Asset Management
clock 18 March 2026 • 5 min read
Master trusts 'dominate' DC market, TPR data shows

Master trusts 'dominate' DC market, TPR data shows

Regulator urged schemes that do not offer value to consolidate

Holly Roach
clock 17 March 2026 • 3 min read
Trustpilot