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pension freedoms

Displaying items by tag: pension freedoms

Thursday, 02 April 2015 10:16

63% fear running out of money in retirement

A consumer survey for the National Association of Pension Funds has found that 83 % of people are positive about the pension changes coming into effect next week but 63% worry they will run out of money before they die.
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The alleged sale of sensitive pensions data to cold calling companies ahead of the new pension freedoms arriving on Monday (6 April) is to be investigated by the Information Commissioner's Office.
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Suffolk Life has warned that investors using new pension freedoms to withdraw cash from a pension fund to purchase buy to let property could be £150,000 worse off after five years if they buy a £300,000 property.
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