Savers rush to withdraw money from pension pots

Savers have withdrawn £1.8 billion in the first two months of the pension freedoms, according to figures from the Association of British Insurers. In April and May, savers took out £1 billion in 65,000 cash withdrawals from pension pots. The average pot taken was £15,500. There have also been 170,000 withdrawals from income drawdown policies, […]

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