Savers ignore GARs to cash out small pots

Jenna Towler
clock • 3 min read

Just one in three people accessing their pension pots last summer used them to provide some kind of retirement income, according to figures from the Financial Conduct Authority.

Almost 180,000 retirement pots were accessed using pension freedom between July and September last year, according to the FCA. The regulator said 178,990 pensions have been accessed by consumers...

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