Chancellor George Osborne revealed that 60,000 savers have taken advantage of the pensions freedoms that came into force in April.
Osborne announced the figures in the House of Commons 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 ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
