Source · Select Committees · Work and Pensions Committee
Recommendation 6
6
Paragraph: 33
Many more people than currently do, however, would benefit from making greater use of the...
Conclusion
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.
Paragraph Reference:
33
Government Response
Acknowledged
HM Government
Acknowledged
We understand that the FCA will be responding to this recommendation separately. Supporting decision making at the point of access