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In response to the Daily Telegraph article published surrounding the pension freedoms, the ABI said in a statement: |
"In light of Daily Telegraph story on 6 June, the ABI reiterates that insurers support the pension reforms and have worked round the clock to ensure that they are implemented as smoothly as possible. All insurers offer full withdrawal of the pension fund as a lump sum, and most offer different options such as drawdown or lump sums. The options available will depend on the pension scheme and a customer’s circumstances, and customers can transfer out to flexible products. This is why providers are encouraging people to contact the free, impartial Pension Wise service so they can assess their options."
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