Starting retirement debt free a financial priority for 1 in 10
One in ten people accessing their pension said they wanted funds to pay off debt, data from Royal London reveals.
Notes to Editors
- Data from Royal London’s pension servicing of 7,846 customers between January 1st – December 31st 2021. 888 (11%) customers requested access to their pension in order to pay off debt.
- Royal London’s cost of living research can be found here.
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About Royal London
Royal London is the largest mutual life, pensions and investment company in the UK, with assets under management of £147 billion, 8.7 million policies in force and 4,232 employees. Figures quoted are as at 31 December 2022.
Learn more at royallondon.com
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