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DC pension employees expected use of fund to buy an annuity by retirement age UK 2014

Employees with defined contribution (DC) pensions: expected use of pension fund to buy an annuity in the United Kingdom (UK) in 2014, by expected retirement age

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Release date

December 2014


United Kingdom

Survey time period

August 2014

Number of respondents


Age group

50 to 64 years old

Special properties

Employees working for medium and large non-governmental employers

Supplementary notes

The source adds the following information:
Question: "People with DC pensions face a choice at retirement on whether to use their pension savings to buy an annuity or not. In this situation, how much of your fund do you think you would use to buy an annuity?" "Results are weighted to be representative of this population, based on age, gender, part-time or full-time and annual salary (matching data from the Office for National Statistics Labour Force Survey, January to March 2014)."

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