Pension freedoms two years on
For financial advisers only
What are people really thinking?
Pension freedoms introduced a new era of flexibility and engagement with savers. but as people contemplate how they achieve a lifetime of financial security, what do they consider the most important things to help them?
Here's what our customer research* highlighted.
88% feel it’s important or very important to have flexibility to access their money in retirement
83% want flexibility to change their plans in retirement
89% 9 out of 10 feel it’s important or very important to know how much money they’ll have in retirement
80% 4 out of 5 respondents feel it’s important to have some form of guaranteed income which can never run out, regardless of how long they live
84% want to have both income security and flexibility in their retirement
70% want investment choices in retirement planning and into retirement
58% want to pass on pension wealth to loved ones
65% want their spouse to enjoy a guaranteed income in retirement after they’ve died
* Aegon. Base: 739 customer and non-customer responses - May 2017