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?