Savers who start taking pension cash without getting advice are making potentially harmful decisions and could run out of money in retirement, watchdogs warn.
Many people are dipping in to take a 25 per cent tax-free lump sum after turning 55 despite not intending to retire yet, then making poor investment moves with the rest of their pots, a new report reveals.
Income drawdown has become a highly popular way of funding retirement, and keeping savings invested is now more common than buying an annuity that provides a guaranteed income for life. Pension options: Income drawdown has become a highly popular […]
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