Aon study shows rising fears over size of retirement funds

Consultancy finds the number of people requesting retirement quotes has doubled

Pension savers are increasingly concerned about the size of their pension fund on retirement, according to Aon Consulting. A study commissioned by Aon also found transfer-out requests have increased rapidly, particularly among defined benefit (DB) scheme members. The firm has found the number of people requesting retirement quotes from their defined contribution (DC) pension scheme has almost doubled in 12 months. Launching its Admin Tracker, tracking trends in admin requests from pension members, Aon says the difficult economic climate has made people more anxious about how much mone...