More than half of savers will spend less than a quarter of their pension in the first five years of retirement - dispelling concerns that flexibility will fuel irresponsible spending - research has found.
However, a third of 50-65-year-olds would spend between a quarter and all of their savings within five years of exiting the workforce, the survey from Hymans Robertson showed. Head of defined co...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- 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
