Pension savers left to fend for themselves, says TUC

Pension savers left to fend for themselves, says TUC
 

More than 300,000 pension savers a year are being left to fend for themselves when they retire, says the TUC.
It claims that over 80% of people using their pension pot to buy a retirement income get no proper advice about it.
The TUC is basing its figures on what happened in the year following the pension "freedoms", first introduced in April 2015.
However the government said free help was available from the Pensions Advisory Service, and Pension Wise.
In its analysis, the TUC said no one who withdrew a cash lump sum from their pension in 2015/16 got professional financial... read more

 
5 October 2016 in Business, Views: 50
Source: BBC
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