The NAPF has published interim findings from its Understanding Retirement research programme examining consumer choice promised under the new pension flexibilities, and the barriers preventing schemes and providers from bringing new solutions to their members. 

Our quantitative research offers early insight into the consumer journey for an estimated 3.7 million individuals aged 55-70 years old in the UK with pensions not yet in payment. The research focuses on the potential market demand for 2.2 million savers with DC savings, valued at approximately £175 billion, and then explores what schemes are currently able to offer under the freedoms, and the barriers to implementing new solution.