Retirees who withdraw their pension pots in one lump sum could end up paying for their own long-term care, Prime Minister David Cameron has suggested.
During a speech in Brighton earlier this week, Cameron eased concerns that retirees would spend all their savings under looser drawdown rules announced in the Budget (PP Online, 19 March) and still...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
