Average pension freedom withdrawals dropped to a record low of £7,197 per person in the last three months of 2018, down from £7,597 in the previous quarter, according to data from HM Revenue & Customs (HMRC).
In total, 264,000 people withdrew £1.9bn from their pensions during the final quarter of 2018. This means some £23.6bn has now been flexibly withdrawn from retirement pots since the reforms launched in...
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