Pension savers have accessed almost £5bn from their pots following the widespread retirement reforms introduced in April as they "shop around" for the best deals, according to the Association of British Insurers (ABI).
Smaller pots are generally being taken as cash, the 250-member body said, while larger pots are still being used to access retirement income, with £5bn invested to buy some 85,000 regular income products...
Long-term growth area
Round-up of diversity coverage
Top five holdings make up 45%
Central banks in tight position in case of downturn
Going against the grain