People should be allowed to borrow from their pension, influential think tank says

Resolution Foundation says integrated framework will solve ‘triple savings challenge’

Jonathan Stapleton
clock • 4 min read
People should be allowed to borrow from their pension, influential think tank says

People should be allowed to borrow money from their pension funds to help families cushion against unexpected financial shocks, the Resolution Foundation says.

The think tank's report - Precautionary tales: Tackling the problem of low saving among UK households - said families in Britain were confronted with a "triple savings challenge" having a lack of a...

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

State pension connects to dashboards ecosystem

State pension connects to dashboards ecosystem

Over 20 million pension records have been connected to the architecture

Holly Roach
clock 09 July 2025 • 2 min read
BoE governor opposes government plans to mandate pension scheme investment

BoE governor opposes government plans to mandate pension scheme investment

Andrew Bailey has said he does not support mandation, with the industry suggesting this will be ‘unwelcome’ at the DWP

Holly Roach
clock 09 July 2025 • 1 min read
News Digest: Is the UK's triple lock pension the carousel that won't stop?

News Digest: Is the UK's triple lock pension the carousel that won't stop?

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

Professional Pensions
clock 09 July 2025 • 1 min read
Trustpilot