FCA pension data shows 43% withdrawing at 8% rate

The latest figures have been dubbed as a 'worrying' trend

clock • 2 min read
The latest FCA pension data
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The latest FCA pension data

More than 160,000 people took annual withdrawals of more than 8% from their drawdown pot, according to the latest data from the Financial Conduct Authority (FCA).

The FCA has revealed its analysis of the latest retirement income data between April 2020 and March 2021, finding that while most of these high withdrawal rates were largely from smaller pensions, 37,000...

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