A record £2.3bn was withdrawn from pensions under Freedom and Choice in the second quarter of this year, according to HM Revenue & Customs (HMRC).
The period also saw the highest number of people access their pensions via the largest amount of withdrawals in a quarter since the freedoms were introduced in 2015. More than a quarter of a million...
Royal assent soon
Only one in ten opt for an annuity
Scheme pays or not scheme pays?
Third highest monthly figure since 1993
'Cannot normalise this level of loss'
There is no shortage of IFA firms looking to sell up, writes Daniel Baade. However, the big question is how to finance the acquisition of IFA or wealth management firms...
Supported over Christmas
Plus online scams