Image:
AJ Bell head of personal finance Sarah Coles said the government's upcoming Budget could 'exacerbate' short term behaviour on the part of this age group
More than three quarters (76%) of people between the ages of 55 and 64 have already taken their tax free pension lump sum, according to AJ Bell research.
The stark figure could indicate that concerns over tax changes are having a significant impact on the behaviour of savers, AJ Bell noted. The survey of 1,000 retirees between 26 August and 1 Sep...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
