Six in ten say people will struggle to resist urge to splurge pot

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Most people think savers will find it difficult to resist the urge to spend money earmarked for living costs in retirement when they are allowed to take pension pots as cash, research finds.

The study from Aviva found 61% of people think savers will need to practice more restraint in future, although 52% said they could be trusted to spend their pensions wisely in retirement. The su...

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