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%...
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