By Emma Ann Hughes Poorer pensioners are the ones gambling most with pension freedoms leaving them acutely vulnerable to a downturn, according to analysis by retirement specialist Responsible Life.
Pensions freedoms, which were introduced in April 2015, mean that, instead of buying an annuity that offers a guaranteed income during retirement, pensioners can leave their money invested in the stock market.
The number of annuities bought with a value between £10,000 and £50,000 has plunged by more than a quarter in just two years, analysis of the latest official FCA data on annuity shows.In the six months to March 2018, sales […]
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