Pension Freedoms
Pension freedoms hit £35bn mark on fifth anniversary
‘People have been attracted by the ability to use their pensions like cash machines’
Covid-19 pushes over 10% of UK retirees to access pension pots
As more than one million people have been furloughed
Five things to know before accessing pension freedoms
During the first bear market since they were introduced
Most over-55s in UK will not touch private pension in 2020
Current economic climate has ‘put the brakes on any plans’ to dip into retirement pots
Around 370 firms exited DB pension space in last two years
FCA chief says that large investigation may have found mis-selling in the market