Just under 200,000 people accessed their pensions using Freedom and Choice in the third quarter of the year, HM Revenue and Customs figures have revealed.
Over one in eight of the working population are saving more into their pension pots as a direct result of the introduction of Freedom and Choice, Aegon has found.
Confusion over pension freedoms rules has landed savers with a higher than expected tax bill, according to Prudential.
More than £1.5bn was withdrawn from pensions in the third quarter of this year, official statistics have revealed.
The amount of savings lost to pension fraudsters in the wake of Freedom and Choice is £2.7m higher than previously thought, new data reveals.
Savers will not be forced to fork out their retirement savings to pay outstanding debts if they have to declare bankruptcy, the Court of Appeal has ruled.
Freedom and Choice was designed to give savers more options at retirement, but some face a hard decision in order to take advantage. James Phillips explores the difficulties
Retirees are increasingly exposed to fraudsters since the pension freedoms were introduced due to the high cost of advice, according to the Trades Union Congress (TUC).
The coalition government's most radical pension policy was freedom and choice, according to 69% of Pensions Buzz respondents.
Three-quarters (75%) of advisers have seen an increase in the number of requests to transfer final salary pensions since then-Chancellor George Osborne's pension freedom reforms in April 2015.