Freedom and Choice not designed for rash coronavirus-motivated withdrawals

Hope William-Smith
clock • 1 min read

Using the flexibility offered by pension freedoms to access pensions early without considering long-term consequences will leave savers struggling to make ends meet, the Association of British Insurers (ABI) has warned.

In research today (17 April) the ABI said there were "concerns people could be tempted" to utilise pension freedom flexibilities to withdraw savings as the coronavirus pandemic continues. The AB...

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