The pensions freedom and choice reforms, introduced in 2015, allows over 55s to withdraw all or part of their pension fund. (Photo: Getty) At least £25bn has been cashed in by savers anxious to take advantage of pension changes introduced four years ago.
The pensions freedom and choice reforms, introduced in 2015, allows over 55s to withdraw all or part of their pension fund.
Before April 2015, anyone with a pension would normally have to spend their pension fund on an annuity, a form of insurance policy which pays out a guaranteed income for life.The overhaul meant those with a personal […]
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