In the UK, pension programs are noticing a record increase in the number of people taking full or partial withdrawals from their pension funds. In fact, during 2019-2020, the country saw a 55% jump in those making complete withdrawals compared to the previous year.
How do these withdrawals run counter to expert advice about saving for retirement? And how will changing regulations affect the number of advisors who can provide guidance on withdrawals? Find the complete analysis in the article from The Actuary.