Many DC savers on cusp of retirement oblivious as to how to access their pension

Research finds over a third of workers aged 50 to 59 fear running out of money in retirement

Martin Richmond
clock • 2 min read
Many DC savers on cusp of retirement oblivious as to how to access their pension

Nearly half of defined contribution (DC) savers on the verge of retirement are unaware as to how they will access their pension savings, according to research by TPT Retirement Solutions.

The firm's survey of 2,500 DC members aged between 50 and 59 years old, conducted in February, found 49% of those nearing retirement did not know how they will access their pension when they reach ...

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

DC strategies remain growth-focused despite market volatility

DC strategies remain growth-focused despite market volatility

Isio analysis shows providers remain focused on long-term outcomes despite geopolitical instability

Martin Richmond
clock 04 June 2026 • 3 min read
Mobius launches asset manager subscription service

Mobius launches asset manager subscription service

Service will provide access to £33bn in assets and more than 600 pension and wealth clients

Jonathan Stapleton
clock 01 June 2026 • 2 min read
Nest convenes member assembly to help shape investment decisions

Nest convenes member assembly to help shape investment decisions

Paul Todd says the future of pensions should be shaped by those who rely on them

Paul Todd
clock 21 May 2026 • 4 min read
Trustpilot