People taking income from their pension pots are being unusually cautious at the moment, according to new figures. Economic uncertainty has prompted pensioners without a guaranteed income to spend less and take a prudent approach. Article by Nick Green. A significant drop in the UK’s level of pension withdrawals since last year may be linked to a decline in investor confidence, according to recent findings from pension provider AJ Bell. Over the past 12 months, pensioners with drawdown schemes have been taking an average of 4.7 per cent of their pot – markedly down from the 6.4 per cent […]
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