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

More on Industry

Buzz: Will the Pensions Commission be able to reach a political consensus?

Buzz: Will the Pensions Commission be able to reach a political consensus?

Pensions Commission, LGPS and TPR annual funding statement

Professional Pensions
clock 11 May 2026 • 1 min read
Member representation does not have to fade away

Member representation does not have to fade away

Daniela Silcock looks at how overseas schemes build the member voice into governance

Daniela Silcock
clock 11 May 2026 • 4 min read
Three-quarters of UK schemes have set a net-zero target

Three-quarters of UK schemes have set a net-zero target

Majority of larger schemes now have credible net-zero strategy but smaller schemes lagging

Martin Richmond
clock 11 May 2026 • 3 min read
Trustpilot