Posted by | April 29, 2016 | News

Since pensions freedoms were introduced in April 2015, the Association of British Insurers reports £3bn has been paid out in 213,000 cash lump sum payments, with an average payment of £14,800.

According to the ABI annuities are beginning to see a revival in popularity following their post-pension freedom fall as across the fourth quarter of last year, 21,200 annuities were sold – worth £1.1bn – compared with 19,700 drawdown policies – worth £1.4bn.

This 30-minute video features presentations on the impact of pension freedom one year on and explore what has worked well and how the government could further tinker with the rules in the future.

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