A decade on from George Osborne’s ‘Pension Freedoms’ Budget bombshell announcement in 2014, the latest HMRC data showed that £70bn of retirement cash has since been accessed flexibly by British savers.

UK retail savers took £24.3bn out of investment funds in 2023, according to the latest data from the Investment Association.

The FCA is now reviewing responses on its proposals published as part of the Advice Guidance Boundary Review set up by the regulator with the Treasury.

Total advised customers at platform and SIPP provider AJ Bell rose 8% year-on-year in the quarter ending 31 December, according to a trading update today.