As we head towards another Budget and tax year end, we are yet again considering the impact that the Pension Freedoms are having on those retiring now and in the future.

The Association of British Insurers has warned that five years on from the Pension Freedoms ‘revolution’ many pension savers are taking too much money out of their pension pot and face running out of cash.

Financial information provider Defaqto has launched a CPD accredited guide on the Pension Freedoms, nearly five years on from their introduction.

In the first three and a half years since the Pension Freedoms were introduced in 2015 more than 230,000 members of Defined Benefit schemes have received guidance from a financial adviser.