Laura Suter: How has investor behaviour changed since pension freedom?

Far from pension freedom leading to extremes of everyone draining their pot and splurging the money - though undoubtedly there must have been examples of that - investors appear to have withdrawn their cash at relatively sustainable rates and, what is more, they have reacted to worsening market conditions. Over the past year, for example, pensioners have dialled down both their regular withdrawals from their pension pots and also their expectations of what returns they will see on their pot. The latest tranche of research run by AJ Bell shows that, on average, people are taking 4.7% with...