More than half of retirement pots accessed by consumers since the introduction of pension freedom in April last year have been fully withdrawn, data from the Financial Conduct Authority (FCA) has shown.
In the nine months after consumers were given unfettered access to their pots from age 55, more than 312,000 pensions were fully encashed of a total of 540,000 pots accessed. At the same time about 58,000...
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