Pension Freedoms
Industry divided after pension freedoms hit £25bn
But data is not a complete picture and ‘represents only a fraction of the overall cash being accessed’
Only 34% of UK retirees prepare before using pension freedoms
Retirement planning is ‘not easy to self-regulate’ and can be an ‘uncomfortable process’
Concerns DIY retirement planning is on the rise
Only 32% of Brits accessing pension freedoms used an adviser
Number of non-advised pension withdrawals ‘concerning’
Only 10% of Brits regret taking money but many in danger of chipping too much at their retirement pot
Have UK pension freedoms passed their peak?
Transfers dropped 20% in the last quarter of 2018