AJ Bell – Pension Drawdown Survey

Survey of 250 British adults aged 55+ who have entered pension drawdown since 6 April 2015 and have not purchased an annuity about their engagement with pension freedoms

• Four in five (78%) respondents report feeling in control of their retirement income
• Two-thirds (64%) of those surveyed using the new flexibility have total pension savings worth less than £100,000 and almost half (48%) have total pension savings of less than £50,000
• Respondents are split on whether they worry about their pension income running out too early, with 46% saying they do worry and 49% saying they do not worry at all
• Over half (53%) of respondents don’t know how their pension fund is invested
• A quarter (26%) of those surveyed never review the amount they are withdrawing

Date Published: 27/10/2017

Categories: Business | Economy | Economy | Finance | Financial Services | GB | Personal Finance | Public and communities

Client: AJ Bell

Methodology

ComRes interviewed 250 British adults aged 55+ who have entered pension drawdown since 6 April 2015 and have not purchased an annuity online between 20th and 21st July 2017. ComRes is a member of the British Polling Council and abides by its rules.

1. Pensions-Freedom_FINAL 0.02 MB.