30 April 2019

Appetite for pension reforms undimmed as withdrawals top £25bn

3 min read

Helen Morrissey

Corporate PR Specialist – Long Term Savings

Commenting on today’s figures showing flexible payments from pensions Helen Morrissey, pension specialist at Royal London, said:

“Today’s figures show the appetite for pension freedoms remains undimmed with more than £25bn being accessed since Freedom and Choice was introduced in April 2015. With more than £2bn being accessed in the last quarter alone it is clear the reforms have injected real flexibility into people’s retirement planning.”

Notes to editors:

Flexible Payments from Pensions stats can be found at:

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/797818/Pension_Flexibility_Stats_Apr_2019.pdf

For further information please contact:

Helen Morrissey, Corporate PR Specialist – Long Term Savings

Email: helen.morrissey@royallondon.com
Tel: 0203 272 5433
Mob: 07919 170 712

About Royal London

Royal London is the largest mutual life, pensions and investment company in the UK, with funds under management of £130 billion, 8.8 million policies in force and 4,046 employees. Figures quoted are as at June 2019.

At Royal London, we’re proud to champion the value of impartial advice. We believe it plays a crucial role in connecting people with the products that are right for them – and is key to delivering better outcomes and experiences for our customers. At the same time, it helps to build trust in our products and services.

Royal London works alongside advisers not in competition with them. That’s why we’ve made some key commitments to the intermediary market. You’ll find more detail on our commitment to advisers at http://adviser.royallondon.com/campaigns/our-commitments/