Retirement trends: The Twelve Days of Pensions
By Kirsten Hastings, 16 Dec 15
Embracing the festive season, Fidelity International presents to you “The Twelve Days of Pensions 2015”, outlining key retirement trends gleaned from customers calling its contact centre between July and November 2015.
9% of customers spoke to Pensions Wise before coming to Fidelity.
10% of callers wanted to explore how best to utilise their DB schemes in light of the freedoms.
Surprisingly, October was a popular holiday month with every one in 11 requests for tax free cash being used for such a purpose. July was the next most popular with 5% of customers citing this reason.
Nearly one in 12 wanted to use their tax free cash to repay their mortgage in full – overall, 21% of customers wanted to use their tax free monies to pay off debt of some sort.
