Boats, divorce and a double decker bus: what are retirees spending their lump sum on?

Michael Klimes
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Fidelity Worldwide Investment has revealed what its customers are spending their pension lump sums on, with one retiree using the cash to buy a red Routemaster bus.

The provider said others had used their tax-free cash to buy holiday homes, houses for children and pay for divorces but said worries retirees would blow their entire pots had proved unfounded. ...

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