Pension freedoms: £4.7bn paid out in first six months
ABI reveals latest data
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...
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