Media comment: ABI pension freedom research

Monday 15th August 2016

Jackie Spencer, Pensions Expert for the Money Advice Service comments on today’s ABI’s pension freedom research:

“We are really pleased to see that the majority of people are taking time to make a decision about their pension options rather than withdrawing their money straight away, however it is worrying that a small number are withdrawing too much too soon. It is important to make sure that you consider the full length of retirement when making a decision about your pension money. Make sure you research all of the options available to you and consider the tax implications of taking out lump sums so you don’t run out of money in retirement. More information about the different retirement options is available on the Money Advice Service website. You can also find a regulated financial adviser to give you a personalised recommendation on the Retirement Adviser Directory .