Pension freedoms could result in £2bn loss for savers

The loss could come from moving money from a pension to a cash account paying little interest

Holly Roach
clock • 2 min read
Pension freedoms could result in £2bn loss for savers

Savers cashing out their pension pots to take advantage of pension freedoms “are set to lose £2bn as a result”, according to Lane Clark & Peacock (LCP).

The consultant revealed the potential £2bn loss could come from moving money from a pension where it was being invested for growth into a cash account paying little or no interest. This comes as Financial...

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