Payouts under the pension freedom regime have soared in the last quarter when £1.77bn was withdrawn from retirement pots, according to the latest Treasury figures.
In the months since April, 256,000 payments were made to 159,000 people, seemingly double the number processed in the previous two quarters and more than in the three months after the reforms were ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders