Warning of early pension access implications

Research found 13% of savers have accessed pension savings earlier than planned

Holly Roach
clock • 2 min read
Warning of early pension access implications

Around 13% of savers have, or plan to access, their pension savings earlier than planned, according to research by Canada Life.

The firm has warned the pension industry to ensure savers are aware of the tax and cost implications of accessing their pension pots early, as more savers look to doing so amid the cost of living c...

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

Holly Roach
Author spotlight

Holly Roach

Deputy Editor at Professional Pensions

More on Industry

Time is running out for Gen X women to adequately save for retirement

Time is running out for Gen X women to adequately save for retirement

Think tank modelling shows a woman aged between 50 and 59 is projected to retire on £12,600 a year

Martin Richmond
clock 11 November 2026 • 3 min read
PP Admin and Data Forum 2027: Registration opens

PP Admin and Data Forum 2027: Registration opens

This year’s conference will be held on 4 March at One Whitehall Place in London

Professional Pensions
clock 11 November 2026 • 1 min read
Schemes and trustees urged to prepare now for IHT changes

Schemes and trustees urged to prepare now for IHT changes

Inheritance tax regime overhaul could create significant admin issues for schemes

Jonathan Stapleton
clock 11 November 2026 • 5 min read
Trustpilot