Majority of savers plan to take pot as cash

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The majority of defined contribution (DC) savers plan to take their pension pot as cash once restrictions are removed, according to Barclays Corporate and Employer Solutions (C&ES).

Research across 2,000 DC members showed 56% would opt for a cash lump sum at retirement, with 64% welcoming the government's decision to grant more flexibility to pension savers. Earlier researc...

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