Pension funds offering flexi-access drawdown (FAD) products are less likely to see members transfer out at retirement, XPS Pensions research funds.
Meanwhile, those members who do decide to transfer out tend to move into more expensive personal pension products, with just 24% moving to workplace pensions. The consequence is that such savers...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
