Pension Decumulation and Decision-making
A report of findings from qualitative interviews with individuals aged 53 to 67 exploring how they understand, approach and make decisions about pension decumulation
Documents
Pension Decumulation and Decision-making report
Ref: ISBN 978-1-80786-020-2, Ad hoc research report no. RP0907
HTML
Pension Decumulation and Decision-making report (PDF)
Ref: ISBN 978-1-80786-020-2
PDF, 787 KB, 79 pages
Details
This research was commissioned to understand how people make decisions about accessing Defined Contribution (DC) pension savings, in a landscape where individuals now bear more responsibility for decision-making. It draws on 55 qualitative interviews with a diverse group of respondents aged 53 to 67, capturing the range of experiences and challenges individuals face as they consider their retirement options. The interviews focussed on how people make decumulation decisions, what factors they consider and how they influence short- and longer-term decisions as well as what extra support individuals may need.