Just one in 10 pensioners admitted to overspending in retirement, and four out of five said they spent lump sums wisely since the launch of pension freedoms, according to research by Prudential.
According to Prudential, critics of the pension freedoms have suggested the policy change would lead to pensioners running out of money in retirement. The research, however, indicates otherwise. Just...
The increase in minimum AE contributions has had little impact on opt-out rates - with cessations after April increasing by less than two percentage points, data from The Pensions Regulator (TPR) shows.
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£116.8m of benefits received by customers