Savers keen to use the new pension freedoms were most likely to ask about drawdown, according to a snap poll by Hargreaves Lansdown.
On the first day of the freedoms yesterday, some 42 per cent of around 200 telephone calls to the firm were about drawdown, 17 per cent were enquiries about making ad-hoc lump sum withdrawals and 10 per cent were about annuities.
Just 8 per cent rang to ask about taking all their pension in one withdrawal.
Hargreaves Lansdown head of pensions research Tom McPhail says: “It will take some time for a clear pattern to emerge in terms of how investors are looking to use the new freedoms. However a couple of things are already immediately apparent.
“Investors saving with a pension company which doesn’t offer a full range of choices are going to find themselves at a disadvantage and may have to move their money to get what they want.
“Initial demand has been focused on an investment income rather than buying an annuity, though we do expect this balance to swing back to some extent in the weeks to come.”