Savers withdraw average of £47,000 prior to retirement, research finds

Scottish Widows finds more than three in four retirees have withdrawn funds early

Martin Richmond
clock • 2 min read
Savers withdraw average of £47,000 prior to retirement, research finds

More than three quarters of retirees have withdrawn funds from their pension pots before they reached retirement, research from Scottish Widows shows.

The provider's research, which analysed 232,654 different retirement claims between 2019 and 2023, found 78% of retirees had already accessed their pension pots by the time they reached their selec...

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