The number of pensions being cashed in full has risen by more than 100,000 since records began, analysis of Financial Conduct Authority (FCA) figures by TPT Retirement Solutions finds.
Annual figures published by the FCA showed in the 2024-25 tax year, 462,160 savers fully withdrew all the funds from their pensions at the first time of access, compared to 357,122 savers in the 20...
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