Pensions drawdown investors have seen positive growth in four out of the five years since the Pension Freedoms arrived in 2015, according to a new study.
IFA Defaqto has released an updated version of its annual guide to pensions drawdown, in conjunction with Prudential.
The Association of British Insurers has warned that “alarming” numbers of pension savers are entering retirement and using pensions drawdown without taking any financial advice.
The FCA has warned that some consumers who choose to take pensions drawdown without advice are failing to engage with the process and are risking financial “harm.”
Hargreaves Lansdown has reported that over the past year it has received over 150,000 requests for information regarding the new pension freedoms with over 8% of callers asking about topping up or opening a Sipp.
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