Savers have invested more in regular income products than just taking cash since the April pension freedoms, according to the Association of British Insurers (ABI).
During April, May and June, around £1.3bn was extracted in cash lump sums with an average payment size of just under £15,000. Meanwhile some £2.3bn has been used to buy income products, of which...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
