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

Access LGPS pool named Stewardship Code signatory

Access LGPS pool named Stewardship Code signatory

Pool joins other LGPS funds and pension schemes as signatories of FRC’s code

Holly Roach
clock 11 February 2025 • 1 min read
Guidance needed for councils looking to reduce pension contributions, LCP says

Guidance needed for councils looking to reduce pension contributions, LCP says

Follows confirmation Kensington and Chelsea RBC will not have to pay pension contributions next year

Holly Roach
clock 11 February 2025 • 2 min read
Illiquids set to play 'increasingly important' role in DC investment strategies

Illiquids set to play 'increasingly important' role in DC investment strategies

Isio report reveals DC master trusts are planning greater UK illiquid asset investment

Holly Roach
clock 11 February 2025 • 2 min read
Trustpilot