Chancellor reveals 60,000 savers have cashed in pensions since April

Stephanie Baxter
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The Chancellor has told the House of Commons that 60,000 savers have taken advantage of the pensions freedoms that came into force in April.

George Osborne announced the figures today showing that investors withdrew a total of £1bn from their pots at an average of just under £17,000 each. He said the unprecedented pension freedoms "h...

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