The total value of taxable payments withdrawn flexibly from pensions was £22.4bn in 2025/26, a 20% rise year-on-year, according to data from HMRC.

More than two in five financial advisers (43%) say the increased pension flexibility brought about by the Pension Freedoms is confusing clients, according to a new report.

Half (46%) of pension savers who accessed their retirement funds since the advent of Pension Freedoms did so earlier than planned, according to a new report.