10m British pension savers risk running out of money in retirement

The FT is reporting:

“Nearly 10m British pension savers risk running out of money in retirement because they do not know how to make their savings last, according to new analysis which sheds fresh light on the complex choices facing retirees.” [my emphasis]

Following the 2015 changes that allowed people to access some of their pensions savings, it turns out (who’d have thought it!) that people are not managing their funds well and have an under-funded retirement.

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