Over a third planning to take cash will switch to bank account

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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...

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