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Pace of pension withdrawals accelerates

The number of over-55s withdrawing money from their pension pots accelerated in Q2, with 159,000 withdrawing a total of around £1.7bn.

That means that more than 770,000 people have withdrawn a total of £6.1bn since pension rules were reformed last year.

The amount taken out in Q2 averaged some £11,000.

Click here for the full Times article (£)

Click here for the full Guardian article

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