Pension Freedoms
Pension withdrawals jumped in Q3
But only half of retirees aware of the money purchase annual allowance
Slowly shutting the door on pension freedoms?
It is becoming harder and harder to find firms ready, willing and able to provide transfer advice
Over half of full pension withdrawals done without advice
Which puts people at risk of significant income and inheritance tax charges
Pension freedom users failed by UK government body
Hope that taking guidance would become a ‘new norm’ has not materialised