AJ Bell warns Budget could 'exacerbate' 76% pension lump sum withdrawal rate

The stark figure could indicate that concerns over tax changes are having a significant impact on the behaviour of savers, AJ Bell noted. The survey of 1,000 retirees between 26 August and 1 September 2026 also found that only 41% of people felt they have managed their pension well so far, while 38% of people said they had not. AJ Bell head of personal finance Sarah Coles said the government's upcoming Budget could "exacerbate" short-term behaviour on the part of this age group. She noted an AJ Bell analysis of Financial Conduct Authority data, which found that people took an estimate...