Two thirds of advisers say that up to 50% of their business is now from clients in pension drawdown, according to a new survey.

Experts have reacted to concerns in an FCA report, which warned those who choose to take pensions drawdown without advice risk financial “harm”.

The FCA has warned that some consumers who choose to take pensions drawdown without advice are failing to engage with the process and are risking financial “harm.”

Hargreaves Lansdown says that over the past year it has received over 150,000 requests for information regarding the new pension freedoms which came into effect yesterday (6 April) but few are asking to withdraw all their funds at once. Read more...