£17.5bn pension freedom figure ‘fails to reflect big picture’

£17.5bn pension freedom figure 'fails to reflect big picture'

The latest government figures show 500,000 flexible payments were made to 222,000 people in the first quarter of 2018 The latest government figures show 500,000 flexible payments were made to 222,000 people in the first quarter of 2018 – the highest number of payments to the most people since the freedoms were introduced in April 2015.

The average withdrawal per person was £7,644 – up slightly from the previous quarter, where the average was £7,595 .

Just Group communications director Stephen Lowe suggested, however, the findings were not an accurate representation of whole story. "These are a very specific set of […]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.