Pension freedom - the first two years in numbers

Lamborghinis for all?

Hannah Godfrey
clock • 4 min read

Today marks the second anniversary of the introduction of the so-called 'pension freedom' reforms that, in just a couple of years, have fundamentally changed the UK's retirement landscape.

The measures, first unveiled to great surprise by then-Chancellor George Osborne (pictured) in his 2014 Budget, have resulted in a heightened interest in pensions among consumers and a tax windfall for the government, while proving a significant blow to annuity providers, with several dropping out of the market altogether. To mark the occasion, Professional Adviser has pulled together the most interesting facts and figures to have emerged on the subject over the past two years. £9.2bn According to the latest statistics from HM Revenue & Customs, more than £9.2bn has been flexibly ac...

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