Confusion over pension freedoms rules has landed savers with a higher than expected tax bill, according to Prudential.
The life company's survey of 867 over-55s - conducted by Consumer Intelligence in February - found two-thirds admitted they were confused by the new rules, which were revealed last month to have ra...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date