Laura Suter: How has investor behaviour changed since pension freedom?

Four years on

clock • 3 min read

Four years on - give or take - from the launch of pension freedom, Laura Suter avoids any digs on the number of Lamborghinis bought since April 2015 and instead focuses on how investors' behaviour has changed

Far from pension freedom leading to extremes of everyone draining their pot and splurging the money - though undoubtedly there must have been examples of that - investors appear to have withdrawn their cash at relatively sustainable rates and, what is more, they have reacted to worsening market conditions. Over the past year, for example, pensioners have dialled down both their regular withdrawals from their pension pots and also their expectations of what returns they will see on their pot. The latest tranche of research run by AJ Bell shows that, on average, people are taking 4.7% with...

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