View more on these topics

Taking whole pot option most viewed Pension Wise webpage

The next most viewed page had information about taking “cash in chunks”

Pensions-savings-retirement-piggy bank

More than 307,000 people viewed Pension Wise’s webpage about taking their whole pension pot in one go over the past week, according to Government data.

The data, based on Google Analytics figures, gives the number of page views of Pension Wise webpages about pension options over the past week. Of the six webpages, the page with information about taking the whole pension pot was the most viewed.

The next most viewed page had information about taking “cash in chunks”, which had 297,779 page views in the past week.

The page with information about getting an annuity was viewed 201,364 times and the page about getting an adjustable income was viewed 150,400 times.

Consumers viewed a page about leaving their whole pension pot untouched 149,559 times and a page about mixing their pension options 102,579 times.

In its retirement outcomes review published last week, the FCA found more than half of the fully withdrawn pension pots were not spent but transferred into other savings or investments.

It raised concerns about the proportion of savers going into non-advised drawdown moving from 5 per cent to 30 per cent since the pension freedom reforms were introduced.

Recommended

Standard-Life-Building-700x450.jpg
2

Standard Life challenged over potential Scottish Widows deal

Analysts have questioned the motivation behind Standard Life’s potential acquisition of Scottish Widows They argue time might be wrong for Standard Life to engage in another deal, as reports suggest talks with Scottish Widows will kick off this week just as Standard Life and Aberdeen shareholders have officially approved their £11bn tie-up. Lloyds Banking Group, […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There is one comment at the moment, we would love to hear your opinion too.

  1. Of course this would be the most viewed page. That doesn’t necessarily result in it being the most used final decision.
    Consumers who are unaware of the consequences of such an option would have to read this page first before making their decision which ultimately might put them off.
    In my opinion, the fact that this is the most viewed page is a good thing.

Leave a comment