pension freedoms

Quarter of retirees in “substantial debt”

From November 2017

Potential retirement shortfall

Around £150bn govt budget spent on pensions

"Pension factor" boosts 2017 growth

£10m up from Q2

40% believe robo is a threat to business

Just under 200,000 people accessed their retirement savings using pension freedom in the third quarter of the year, HM Revenue & Customs figures have revealed.

Some retirees are using their pension freedom cash to fund alcohol and gambling binges before falling back on the state for help, a local government official has told MPs.

'Little short of a scandal'