Pension Freedom Figures
Aviva reports “£8.7 billion has been withdrawn from pensions via the pension flexibilities between July 2018 and June 2019.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 Q2 2019 alone was an all-time high, with £2.75 billion being withdrawn via the pension flexibilities.”
“The average amount withdrawn per individual continues to trend downwards, to an average of £8,184 in the latest figures.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”.
Read all: https://www.aviva.com/newsroom/news-releases/2019/08/equity-release-and-pension-freedoms-reach-new-highs-in-the-uk/