Cash calls soften as pension freedoms settle

But experts say it is too soon to start drawing conclusions about the effects Chancellor George Osborne's changes will have on the broader pensions market. Only 50% of customers at Scottish Widows were looking to take a full cash lump sum in the last two weeks, compared to more than 70% when the freedoms first took effect. According to the provider, 85% of requests were for pots of less than £30,000 and the average withdrawal was about £20,000. This comes after data from Sackers suggested the majority of defined contribution (DC) schemes were offering the uncrystallised funds pensi...