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

Partner Insight: How this year's Pension Engagement Season 'sparked a movement'

Partner Insight: How this year's Pension Engagement Season 'sparked a movement'

Innovation and this year’s industry-wide campaign have set a new benchmark.

Jill Henderson, Head of Strategic Workplace Relationships, Scottish Widows
clock 17 November 2025 • 3 min read
Salary sacrifice change risks 'undermining' the progress of pensions reform

Salary sacrifice change risks 'undermining' the progress of pensions reform

Budget change would hit the growth phase directly leading many to cut contributions

Jonathan Stapleton
clock 10 November 2025 • 2 min read
FTSE bosses must find credible growth stories if they want pension cash

FTSE bosses must find credible growth stories if they want pension cash

Darren Philp says UK companies must first look to themselves if they are short of capital

Jonathan Stapleton
clock 10 November 2025 • 4 min read
Trustpilot