Industry rejects proposal to allow members to borrow from pension funds

Majority of Buzz respondents say think tank’s proposals would be disastrous for savers

Martin Richmond
clock • 3 min read
Industry rejects proposal to allow members to borrow from pension funds

A majority of the industry has voiced their opposition to a think tank proposal which argued people should be allowed to borrow money from their pension funds to help cushion against unexpected income or cashflow shocks, a Professional Pensions poll shows.

The results of a recent Pensions Buzz survey found just 26% of the respondents said members should be allowed to borrow from their pensions funds, compared to 63% who disagreed. The remaining 11% s...

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