Fewer than one in ten of those with pension queries following the roll-out of the retirement 'freedoms' on 6 April were looking to withdraw their savings in full, research suggests.
While only 7.7% of calls to broker Hargreaves Lansdown concerned accessing their entire pots, some 42% were related to drawdown. Just under 10% telephoned to discuss buying an annuity on the first day...
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected