Over £9.2bn accessed through pension freedoms
Savers have accessed a total of £9.2bn through pension freedoms since the reforms were announced, with around £1.6bn taken from pension pots in the last three months.
45% of Client Cannot Access Pension Freedoms: A J Bell
Almost half of all financial advisers have clients prevented from accessing the new pension freedoms due to early encashment penalties, according penalties, according to an AJ Bell survey (Pension Freedoms).