Reference Case Number: FOI2025/00434
Freedom of Information: Right to know request:
Please provide the most up-to-date data available on the value of Pension Commencement Lump Sum (PCLS) withdrawals from pensions or the number of savers accessing their PCLS, or both.
The last retirement income market data report went up to March 2024 so we would be interested in seeing any data you have for PCLS withdrawals in the period since then.
FCA response:
Please see our response below.
| Value Withdrawn PCLS | |
|---|---|
| September 2024 | 7,645,505,653 |
| March 2025 | 10,434,755,027 |
| Total Value Fully Encashed | |
|---|---|
| September 2024 | 3,827,689,889 |
| March 2025 | 3,492,143,338 |
| Number of Plans Fully Encashed | |
|---|---|
| September 2024 | 285,137 |
| March 2025 | 286,084* |
*One firm has been excluded from the March 2025 Total Number of Plans Fully Encashed due to a suspected misreport.
| PCLS Plans Entering Drawdown | |
|---|---|
| September 2024 | 99,309 |
| March 2025 | 111,869 |