Retirement poverty is REAL: FCA to discourage savers from pension raids - experts' views

Retirement poverty is REAL: FCA to discourage savers from pension raids - experts' views
 

Savers looking to “unlock” pensions and withdraw money will now be shown the amount they can "safely" take from their pots without risking of coming up short in retirement. 
Under plans disclosed to the Sunday Telegraph, savers who ignore the warning and withdraw large chunks of money will be asked to tick a disclaimer box to confirm that they understand the risks involved according to the plans.
Express.co.uk has spoken to a number of leading pension experts on how pension freedom has worked since it was introduced, and what the worst-case scenario is once reckless savers drain... read more

 
13 February 2018 in Business, Views: 49
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