Plastic Lamborghinis: The worrying FCA Retirement Outcomes Review

From the blog: The Financial Conduct Authority’s latest Retirement Outcomes Review presented some interesting statistics, particularly for those of us in the business of designing pre-retirement investment strategies.

More than a million defined contribution pots have been accessed since pension freedoms were implemented in 2015. We also discovered that 72 per cent of those were accessed by people under 65; 53 per cent of pots accessed were fully withdrawn; and 90 per cent of those accessed were under £30,000.

For me, three conclusions of particular note can be drawn from these figures.