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

Workers concerned about potential pensions tax changes

Workers concerned about potential pensions tax changes

Penfold research finds majority are concerned changes could be announced in the Budget

Martin Richmond
clock 06 October 2026 • 2 min read
Webinar: The rise of the total portfolio approach – register now

Webinar: The rise of the total portfolio approach – register now

Webinar will be held in association with L&G at 10am on Friday 9 October

Professional Pensions
clock 06 October 2026 • 1 min read
Budget could 'exacerbate' 76% pension lump sum withdrawal rate

Budget could 'exacerbate' 76% pension lump sum withdrawal rate

Among those aged between 55 and 64

clock 05 October 2026 • 2 min read
Trustpilot