Failing to make use of other savings first, taking more than is needed and poor timing are three of the most common mistakes made by people when accessing tax-free cash from their pension, says Fidelity International head of pensions policy, Richard Parkin.
Under the new pension freedoms, taking tax-free cash before full retirement is proving very popular - so much so in fact that data from Fidelity shows as many as three-quarters of those going into drawdown...
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Alleged fraud occurred between 2011 and 2017
WMA to hold its vote on 31 May
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Newer policies offer longer terms