The overhaul follows the Swedish government’s decision in December to postpone a planned reform of the pension system, which would have resulted in the closure of two state pension funds and a review of the investment limits for the remaining funds.
Just over half of the withdrawals, or 55 per cent, were for cash sums of £10,000 or less.
The evidence suggests that as a group they are managing well within the new environment of pension freedom, and that they are not on the whole making poor investment decisions that could threaten their later financial security.
Vanguard, one of the largest defined contribution asset managers in the US, is ramping up its efforts to grab a larger slice of the UK market.
David Smith, Director of Financial Planning at Tilney Bestinvest, reviews some of the Chancellors less prominent pension related revelations
The case study examines the role of hybrid solutions in planning for retirement. The case study explores the differences between blended solutions, in which two or more individual products are implemented side by side, and hybrid solutions which offer fle