Over half of DC pensions accessed without advice

Research found just one in three pensions accessed were done so after receiving advice

Holly Roach
clock • 2 min read
Just Group communications director Stephen Lowe
Image:

Just Group communications director Stephen Lowe

More than half (53%) of the 705,666 defined contribution pension pots accessed for the first time in 2021/22 were done so without the member receiving regulated advice, Just Group finds.

The firm's analysis of Financial Conduct Authority figures revealed just 33% of pensions were accessed after professional advice, and just 12% after Pension Wise guidance. Just revealed 53% of D...

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