Pension Freedoms
‘Common sense’ prevails as pension freedom withdrawals fall 17%
But drop is expected to be ‘a short-term blip’
UK select committee launches pension freedoms inquiry
It will look at scams, the range of options for savers and later life planning
Will pandemic-induced drawdown cause depleted retirement pots?
As 51% of Brits aged 55 and over admit they know little about the pension freedoms rules
Rash decisions risk hurting unadvised retirees during pandemic
DIY savers ‘more inclined to have a knee jerk reaction’ to volatile markets
HMRC pays back record £166m in pension freedoms tax
‘Whole system is complex and there is a clear need to review how it works’