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Analysis of withdrawal trends at one pension provider during the first year of pension freedom show that full withdrawals represented just 1% of all withdrawals and the majority (77%) of full withdrawals were less than £30,000 in value.
Research conducted by Barnett Waddingham, the provider of consultancy and actuarial services, has found that UK employees suffer from “major gaps” in pensions knowledge.
The morning after Budget day found me waking up in my hotel rather down.
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While a lot of people are breathing a sigh of relief at the lack of pension reform in the Budget I think we do know a little more of where we stand and that is resoundingly in the middle.
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James Hay’s parent company has reported that new Sipps went up 92% to 12,084 last year.