Average pension freedom withdrawals hit a record low of £6,820 between October and December last year – a drop of almost 40% since April 2016, latest official figures show.
Statistics from HM Revenue & Customs (HMRC) revealed 327,000 people made 828,000 withdrawals totalling £.23bn in the last three months of 2019. Average withdrawals and payments were at record lows,...
Numbers jumped due to auto-enrolment
4% withdrawal rule of thumb
Could be more than £20bn hit
Market turmoil erodes trust
7, 8 and 9 October
The chair of the Financial Conduct Authority (FCA) Charles Randell has promised to “transform” the regulator in the wake of three separate financial scandals, independent reviews of which are set to be completed soon and are expected to provide “difficult...
Diverging criteria often leads to confusion, experts warn
Annual public meeting