Rate of UK flexible pension drawdowns slows

The number of people taking advantage of the new pension freedoms dropped by 13.3% between the third and fourth quarters of 2015, with the total value of funds released down by nearly a third. Since April 2015 individuals aged 55 and over have been able to access their defined contribution pension savings as they wish, subject to their marginal rate of income tax. Please link to International Adviser to read the full article by Kirsten Hastings.