ONS digital

From the blog: So, only around one in eight over-40s plans to cash in more than half of their pension pot. 

This will come as a relief to those who feared a £5bn-£6bn rout from pension pots in the months following the reforms. 

However, as George Osborne announced on Tuesday £1bn has gone out the door so far, spread across 60,000 people.

But is this lower figure a result of savers' financial savvy, or a symptom of the wider problems of providers being slow to release members' cash?

Click here to read full blog post

It's quick, easy and as a registered user you'll have full access to all Pensions Expert articles. You will also be able to receive editorial emails.

If you are already registered, please click here to login.