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 ...

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