FCA pension data shows 43% withdrawing at 8% rate

'A worrying trend'

clock • 2 min read
FCA pension data shows 43% withdrawing at 8% rate

More than 160,000 people took annual withdrawals of more than 8% from their drawdown pot, according to the latest data from the UK financial regulator.

The Financial Conduct Authority (FCA) revealed its analysis of the latest retirement income data between April 2020 and March 2021, finding that while most of these high withdrawal rates were large...

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