FCA reports decline in people accessing pots since April

clock • 2 min read

The number of pension pots accessed to take advantage of the April freedoms fell in the final quarter of 2015 according to the Financial Conduct Authority (FCA).

Between October and December last year, 127,094 pots were accessed for the first time, falling 36% from 197,443 in the previous quarter. The watchdog has seen a gradual decline in the number of pot...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

FTSE bosses must find credible growth stories if they want pension cash

FTSE bosses must find credible growth stories if they want pension cash

Darren Philp says UK companies must first look to themselves if they are short of capital

Jonathan Stapleton
clock 10 November 2025 • 4 min read
ESG remains important consideration for DC providers in 2025

ESG remains important consideration for DC providers in 2025

EY report finds improvements in quality of ESG data but says providers still face challenges

Martin Richmond
clock 03 November 2025 • 4 min read
Raj Mody: Is the industry's approach to pensions adequacy inadequate?

Raj Mody: Is the industry's approach to pensions adequacy inadequate?

The Smart Pension Master Trust chair says we need to pay our pensions some attention all year round

Raj Mody
clock 31 October 2025 • 6 min read
Trustpilot