“Whether provider or member driven or laid down in new regulation, something must finally be done to protect pensions savings, alert and assist people in taking positive action to make their small pots work better for them.”
A deferred pension is the title given to a pension which someone delays from taking money from until later in their life.
The more a pension holder waits before accessing their own savings, the higher their potential retirement income could end up being.
Many people choose to have a deferred pension as means of boosting their savings and planning for retirement.
