Even prudent retirees risk making poor decisions when pension freedoms kick-in next year, with more than one in three intending to switch their savings into a bank account.
Almost 40% will put the cash into a savings account, current account or an ISA despite historically low interest rates, according to a study by Fidelity. It found that 48% were hoping to take so...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date