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

Members apathetic towards pensions, study finds

Members apathetic towards pensions, study finds

Research finds majority of savers prioritised checking social media or fitness apps over their pensions

Martin Richmond
clock 24 September 2026 • 3 min read
News Digest: Families risk losing inheritance tax discount because of pension reforms

News Digest: Families risk losing inheritance tax discount because of pension reforms

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

Professional Pensions
clock 24 September 2026 • 1 min read
L&G targets 10% job cuts to tackle 'complex' structure

L&G targets 10% job cuts to tackle 'complex' structure

Firm says job cuts represent 'the next stage' of its transformation

Cristian Angeloni
clock 23 September 2026 • 1 min read
Trustpilot