The amount savers withdrew from their pensions pots increased 14% to £15.3bn in 2016/17, up from £13.5bn in 2015/16, according to research undertaken by Salisbury House Wealth.
Over the last five years, the total amount withdrawn has more than tripled - increasing 173% from £5.6bn in 2012/13. The financial adviser said many savers were increasingly drawing incomes, ad hoc...
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