Pension savers have accessed almost £5bn from their pots following the widespread retirement reforms - dubbed 'pension freedoms' - introduced in April, while more people are "shopping 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 pr...
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