Pension Freedom Figures

Published: 20 September 2019

Aviva reports “£8.7 billion has been withdrawn from pensions via the pension flexibilities between July 2018 and June 2019. This is up £1.6 billion (23%) on the previous twelve months. Q2 2019 alone was an all-time high, with £2.75 billion being withdrawn via the pension flexibilities.”

“The average amount withdrawn per individual continues to trend downwards, to an average of £8,184 in the latest figures. This eases the concern that the pension freedoms would drive a “dash for cash”.

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