Retirees in Britain’s dramatically changed at-retirement market face years of losses in a market downturn due to their investment holdings, Aegon has warned.
Research by the insurance and pensions provider found that many people drawing their pensions since the UK introduced its ‘pensions freedom’ rules two years ago, were sticking with “familiar” investment strategies and well-known funds.
Using data from its own platform, the firm found little difference between investment strategies used by pensions ‘drawdown’ customers and those that had opted to continue investing for a pension.Drawdown investors have different demands on their money and shorter timeframes, meaning strategies should differ.Yet […]
Full Post at www.funds-europe.com