Industry rejects proposal to allow members to borrow from pension funds

Majority of Buzz respondents say think tank’s proposals would be disastrous for savers

Martin Richmond
clock • 3 min read
Industry rejects proposal to allow members to borrow from pension funds

A majority of the industry has voiced their opposition to a think tank proposal which argued people should be allowed to borrow money from their pension funds to help cushion against unexpected income or cashflow shocks, a Professional Pensions poll shows.

The results of a recent Pensions Buzz survey found just 26% of the respondents said members should be allowed to borrow from their pensions funds, compared to 63% who disagreed. The remaining 11% s...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Legal & General goes digital for annuity applications

Legal & General goes digital for annuity applications

Applications could take 14 fewer days to process

Jenna Brown
clock 01 April 2025 • 1 min read
News Digest: PPF vows to invest more in 'juicy' UK assets; Reeves urged to come clean on pension tax raid

News Digest: PPF vows to invest more in 'juicy' UK assets; Reeves urged to come clean on pension tax raid

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 01 April 2025 • 1 min read
Isio records 26% increase in group revenue in 2024

Isio records 26% increase in group revenue in 2024

Firm’s results reveal group revenue increased to £170m while EBITDA rose by 31%

Martin Richmond
clock 31 March 2025 • 1 min read
Trustpilot