It’s well known that people tend to become more financially conservative the closer they are to retirement, and grow increasingly cautious with their pension savings.
At that point the focus is often more about protecting accrued savings rather than building funds for retirement. This has become even more topical after pension freedoms were introduced in 2015, which has given people greater choice but also greater chance of choosing an unsuitable option.
While retirement objectives vary, they commonly include: having a guaranteed, increasing income which keeps pace with inflation preserving and growing pension savings having a degree of flexibility to cater for […]
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