Source · Select Committees · Work and Pensions Committee
Recommendation 6
6
Deferred
Paragraph: 33
Many more people than currently do, however, would benefit from making greater use of the...
Recommendation
Many more people than currently do, however, would benefit from making greater use of the pension freedoms by choosing a mix of annuities, lump sums and drawdown Protecting pension savers—five years on from the Pension Freedomss Accessing pension savings 61 rather than a single product. For example, a person may wish to withdraw a lump sum when they first access their pension, later choose to use drawdown flexibly before finally choosing an annuity in later life.
Government response summary AI-generated
The government states that the FCA will be responding to the recommendation separately.
Paragraph Reference:
33
Government Response
The government responded to this report on 27 April 2022. No passage in that response could be matched to this conclusion. Read the response document ↗