The silver market may see a short term boost from a sharp increase in the number of pensioners withdrawing more their eight per cent of their pension pots. But experts are warning it could represent an “unsettling trend” for the long term. An analysis of Financial Conduct Authority data by Hargreaves Lansdown found that, overall, there was a rise of over six per cent in those tapping such funds in the last financial year, with 220,000 of a total 280,000 raiding their pension pots.
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