thank you for joining at hargreaves lansdown. thank you forjoining us. at hargreaves lansdown.forjoining us. one of the big concerns about the pensions freedoms, too many people would take out too much money and spend it on expensive unnecessary items, and leave themselves vulnerable, what do the figures tell us? there was a real concern, those people were moving away from buying annuities, guaranteed freedom for life, they could take money out of their pension pot, would they do that responsibly, would they manage money responsibly, would they manage money responsibly, effectively, would they spend it all? data supports mounting evidence that that is not the case. that pension freedoms are undoubtably popular, more and more people are using them every year. the amount being withdrawn, settling down into an equilibrium, it appears that they are not continuing to escalate, in spite of several years of fairly strong stock market growth, pension funds doing well, the amount taken out is not escalating, this is reassuring news. what impact have the freedom sat on the pension indust

that is according to hargreaves lansdown. a that is according to hargreaves la nsdown.f detail on there. take a look when you have time. discounters doing very well in the run—up to christmas. more detail on the bbc app. you're watching business live — our top story. britain's prime minister theresa may is set to meet business leaders from the uk's financial services industry later today, as the government attempts to secure a brexit deal that will include the sector. a quick look at how markets are faring... they have been trading for nearly 15 minutes. a mixed picture. the dax bucking the trend in frankfurt, down by five point want to —— 0.02%. do you know your hulk hogan from your big show? well if not, maybe you should — because the sport of wrestling is huge, attracting fans around the globe. in 2016, the wwe - that‘s wrestling's main body— received over 15 billion views on the digital video on its website. and last year, wrestlemania — that's wrestling's equivalent of the super bowl — generated over $180 million for the city of orlando. lots of wrestling in our ho

joining us now is tom mcphail, head of policy, at hargreaves lansdown. the pensions, that is about prioritiesve to call in the pension protection fund. pension protection fund. business and rework a deal to shore up the company. up the company. bust, but we should be slow to criticise the trustees. criticise the trustees. and if things had worked out, it would have benefited everyone. would have benefited everyone. the pension funds, it is a balancing act. act. to shareholders and the other deficit is eradicated. deficit is eradicated. pension schemes that are popping up investments elsewhere. investments elsewhere. —— propping up investment schemes elsewhere. up investment schemes elsewhere. there is this constant trade—off going on. going on. conversations going on over how much carillion should pay. carillion should pay. important for other pension schemes that might have invested. that might have invested. thank you for the clarification. to counter the threat of china spying on us phone calls. 5g wireless network. five months in the role. said in a statement. including its import busines