More than 200000 hold taken out cash since George Osborne introduced reforms in April, while the sale of annuities has plummetedMore than 200000 people hold emptied their pension pot or withdrawn cash from it after the relaxation of rules on accessing retirement savings this year.
The first comprehensive independent analysis shows that 204581 people hold taken advantage of the pension freedoms bought in by George Osborne on 6 April that give those aged over 55 unfettered access to their money for the first time. Continue reading...
Source: theguardian.com