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DB scheme members quit for more flexibility

A fifth of Defined Benefit scheme members given free financial advice have left their scheme to access flexible retirement options available through a defined contribution (DC) pot, according to Willis Towers Watson.

Property surge fuelled by £800m of Pension Freedom cash

Pension Freedom money is increasingly being invested in bricks and mortar - the most popular place to invest for people taking out money from their pension.

LISA impact on auto-enrolment to be reviewed by MPs

The influential Work and Pensions Commitee is to re-open its inquiry into auto-enrolment to assess the affect of the new Lifetime ISA (LISA) on auto-enrolment.

Annuity sales pick up after pension freedoms - ABI

The ABI says that sales of annuities have risen in recent months, according to its latest pension report published one year after the Pension Freedoms.

Pension investors holding back on pension freedom ‘splurges’

Analysis of withdrawal trends at one pension provider during the first year of pension freedom show that full withdrawals represented just 1% of all withdrawals and the majority (77%) of full withdrawals were less than £30,000 in value.

70% of employees fail to understand pension investments

Research conducted by Barnett Waddingham, the provider of consultancy and actuarial services, has found that UK employees suffer from “major gaps” in pensions knowledge.