pension withdrawal

Pension pots cashed in without advice on the rise

In 2020/21 61.3% of pension pots over £50,000 cashed in were taken without financial advice, a rise from the 58.9% seen the previous year.

Autumn sees big jump in pension withdrawals

The number of pension withdrawals in August and September increase dramatically, according to new data.

Nearly 1 in 2 pension holders shun advice when accessing pots

The FCA's latest Retirement Income study, published today, has revealed that nearly half of pension savers have accessed their pension pots in the past year without taking regulated advice or guidance.

LEBC calls for pension withdrawals ‘cooling off’ period

Financial Planning and retirement advice company LEBC has called for the creation off a new ‘cooling off’ period on pension withdrawals under Pension Freedoms.

Time to sort out pension withdrawal tax mess says Steve Webb

Royal London director of policy Steve Webb has called for an end to what he called the “absurd” way pension withdrawals are taxed.

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