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...

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

PP Live 26: Commission report illustrates scale of the adequacy challenge

PP Live 26: Commission report illustrates scale of the adequacy challenge

‘Pensions Prophets’ panel discuss the key challenges facing the industry

Martin Richmond
clock 20 May 2026 • 3 min read
TPR calls for 'safe and responsible' adoption of AI across the industry

TPR calls for 'safe and responsible' adoption of AI across the industry

Regulator says AI brings ‘significant’ opportunities as well as risks

Holly Roach
clock 20 May 2026 • 4 min read
Women in Pensions 2026: Entries close on Friday!

Women in Pensions 2026: Entries close on Friday!

Individuals and organisations nominated have until 22 May to complete entries

Professional Pensions
clock 20 May 2026 • 1 min read
Trustpilot