Average regular pension withdrawal rate jumps from 4.7% to 5.9% - FCA
276,000 pots being accessed
Average regular pension withdrawal rate jumps from 4.7% to 5.9% - FCA
The average annual pension withdrawal rate jumped more than one percentage point between 2016/17 and 2017/18, according to the latest data from the Financial Conduct Authority (FCA).
The regulator's retirement income data bulletin said the average withdrawal rate from drawdown or UFPLS (uncrystallised funds pension lump sum) pots - where a regular payment is set up - rose from 4.7%...
More on Pensions
HMRC figures show plunging pension freedom withdrawals
18% year-on-year decrease
Richard Mattison: How advisers and providers are remodeling post-pandemic pensions
Covid-19 crisis acts as catalyst
Commentators welcome timely WPC impact of freedoms inquiry
Fraudsters a 'scourge'
Work and Pensions Committee confirms inquiry into impact of pension freedoms
Scams under microscope first
Back to Top
More news
Revealed: Advice firms giving up authorised status jumps 20%
252 firms pulled out
How low can the Bank of England go? Six considerations for negative interest rates
Go alone for follow the crowd?
Equity release clients go back to basics during lockdown - Canada Life
Once-in-a-lifetime out, necessities in
Close Brothers opens Chester office
Expanding across North West
