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Withdrawing from your pension early should only be a last resort.
Although the furlough scheme was extended this month, redundancies were at a record level with 314,000 people losing their job between July and September.
WEALTH at work listed as one of the ‘1000 companies to Inspire Britain’ 2020.
WEALTH at work has once again been acknowledged as one of the 1000 Companies to Inspire Britain by the London Stock Exchange Group.
Market Update – 11th November 2020.
We have previously stated that while the US Presidential election was important, it is progress on a coronavirus vaccine that will have a far greater impact on global equity markets as a vaccine will allow economies to fully reopen and thus speed up the economic recovery.
Week ending 6th November.
You can also read the full commentary for this week’s market summary here.Pension withdrawals rise during the pandemic: do individuals really understand their actions?
New figures from HMRC[1] show 347,000 people withdrew from their pensions throughout July, August and September 2020. This is a 6% increase on the same figures from last year, and a 2% rise compared to the previous three months, which is not the usual seasonal pattern.
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