Telegraph: Surge in savers using pension freedoms

A recent "surge" of almost 160,000 older savers accessing their pensions using the Government's new freedoms has pushed the total amount withdrawn since they were introduced above £6bn, data reveals.

HMRC data published yesterday appears to show a huge jump in savers withdrawing cash flexibly, with 159,000 people using pension freedoms in the second quarter of 2016, around twice the number (84,000) who accessed funds over the same period last year.

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