Pension transfers leaving savers at risk of being worse off in retirement

People’s Partnership finds over a third cite streamlined finances as reason for transfer

Martin Richmond
clock • 3 min read
Pension transfers leaving savers at risk of being worse off in retirement

Retirees could be left more than £70,000 worse off in their retirement due to a lack of awareness around fees and charges when transferring their pension, research from People’s Partnership finds.

The research, conducted by the provider of The People's Pension, which provides the pension to 6.5 million people across the UK, surveyed 1,000 defined contribution (DC) members aged between 18 and...

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 Defined Contribution

SPP urges Pensions Commission to define adequacy and understand barriers

SPP urges Pensions Commission to define adequacy and understand barriers

SPP calls on commission to set out long-term plan to increase AE contribution rates

Martin Richmond
clock 21 August 2025 • 3 min read
LifeSight announces £450m investment in Schroders Greencoat Renewables+ LTAF

LifeSight announces £450m investment in Schroders Greencoat Renewables+ LTAF

Strategy will feature in the WTW master trust’s core default funds

Jonathan Stapleton
clock 14 August 2025 • 2 min read
DC retirement outcomes show improvements amid market volatility

DC retirement outcomes show improvements amid market volatility

Hymans research finds growth phase members have experienced ‘positive’ levels of investment performance

Martin Richmond
clock 13 August 2025 • 5 min read
Trustpilot