Three-quarters of retirees taking lump sum

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More than three quarters of pensioners with private or company pension schemes are taking lump sums out of their pension pots, Prudential research reveals.

The life and pensions firm said the average lump sum taken was £24,154. It said 13pc of the 726 retired adults it surveyed said they had given all or part of the sum to their children with 4pc giv...

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