New analysis of 17,000 drawdown customers by a provider has revealed wide variations in the amount taken from pension pots but few signs of pensioners taking out all their cash in one go to buy a Lamborghini.

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Much was made about pensioners going on a Lamborghini buying spree once the pension freedoms take effect but a new survey shows only 7% intend to take out their entire fund to use as they please. Read more...

Increasing use of income drawdown following the Budget annuity changes could see 20% of pensioners exhausting their funds before they die, pension experts have warned. Read more...