DC pension employees expected use of fund to buy an annuity by salary UK 2014
This statistic shows the attitudes of employees to annuity purchase in the United Kingdom (UK) in 2014, by annual salary. It looks into whether people with defined contribution pensions would have used their fund to buy an annuity. It reveals that 57% of those earning over 100,000 British pounds per year said they would not annuitize any of their defined contribution savings or only a moderate amount, compared to 34% of those earning less than 25,000 British pounds per year.