FCA reports decline in people accessing pots since April

clock • 2 min read

The number of pension pots accessed to take advantage of the April freedoms fell in the final quarter of 2015 according to the Financial Conduct Authority (FCA).

Between October and December last year, 127,094 pots were accessed for the first time, falling 36% from 197,443 in the previous quarter. The watchdog has seen a gradual decline in the number of pot...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

Scottish Widows evolves workplace default

Scottish Widows evolves workplace default

New default to ‘maximise pension growth potential’ with high equities exposure

Jasmine Urquhart
clock 27 March 2025 • 2 min read
Defined Contribution Conference 2025: Registration open!

Defined Contribution Conference 2025: Registration open!

This year's event is being held in central London on 18 June

Professional Pensions
clock 26 March 2025 • 1 min read
Don't lose sight of the member in the quest for value for money

Don't lose sight of the member in the quest for value for money

Daniela Silcock says we need a proper breakdown of the costs of reform

Daniela Silcock
clock 25 March 2025 • 3 min read
Trustpilot