Downloads
r73.pdf
PDF | 1.43 MB
This report, funded by the National Association of Pension Funds and the Economic and Social Research Council, examines a range of quantitative evidence to shed light on how current older cohorts of defined contribution (DC) pension fund holders are approaching and dealing with retirement and annuitisation.
Authors
Report details
- DOI
- 10.1920/re.ifs.2012.0073
- Publisher
- IFS
Suggested citation
Crawford, R and Tetlow, G. (2012). Expectations and experience of retirement in defined contribution pensions: a study of older people in England. London: IFS. Available at: https://ifs.org.uk/publications/expectations-and-experience-retirement-defined-contribution-pensions-study-older (accessed: 8 November 2026).
More from IFS
Understand this issue

Are people saving enough for retirement?
Are people saving enough for retirement? We examine pension contributions, the self-employed and the risks of accessing pensions too early.
31 July 2026

Are pensioners richer than everyone else?
Are pensioners now better off than working-age people? We examine the data on income, wealth, housing and the future of retirement.
20 March 2026

Pensions, climate & debt: Three big threats to UK public finances
An in-depth look at the UK’s long-term fiscal risks, from ageing and pensions to climate change, and what can be done to secure the public finances.
24 July 2025
Policy analysis

IFS analysis on issues facing the Second Pensions Commission
As the Pensions Commission moves towards developing policy recommendations, this presentation discusses some of the key trade-offs it faces.
3 September 2026

Automatic enrolment: trends in employer pension contributions and the impact of potential reforms
This report presents a range of potential reforms to increase minimum pension contribution rates for people saving in workplace pensions.
21 July 2026

Pension saving plummets when employees move into self-employment
More than three-quarters of employees who consistently saved into a pension stop doing so when they move into self-employment.
11 June 2026
Academic research

Self-control and early withdrawal from retirement accounts
Using a policy change in Australia during COVID-19, we find that self-control issues significantly predict
early withdrawals from retirement accounts.
9 June 2026

Using home-equity release to strengthen retirement incomes: potential and challenges
Using administrative data on Danish retirees’ wealth, this paper documents how home‑equity holdings vary across age, income and wealth groups.
1 June 2026

Challenges for the private pension system in the UK and policy proposals to address them
We identify challenges and develop policy proposals for the UK private pension system, which is increasingly reliant on defined contribution plans.
16 March 2026
