Following the introduction of the new pension freedoms, we wanted to explore how people make their retirement decisions.

Alongside State Street Global Advisors and Ignition House we undertook research which tracked each step of the decision-making process across a 6-month period. The research looked at:

  • how people made their retirement decisions
  • the emotions they experienced
  • the barriers they had to overcome.

The research shows that savers thought the new pension freedoms meant they had to take their cash now – but it might not be the right choice for them.

It indicates that freedom and choice is welcomed but overwhelming for savers, and it reveals the challenges that need addressing, highlighting 10 key questions that savers should ask themselves to help them make the most of their retirement savings.

Download our ‘Part 1 of New Choices, Big Decisions’ report.