Investment News – UK pension changes: Resolve to start now!
Forget the past and the broken UK pension system. Focus on what you can do now.
Recent research suggests that just over one-third of over 55s in the UK are contemplating spending their pensions on buying property.
The government worries that everyone who’s eligible will race out and cash in their annuity, buy all sorts of houses and then lose their money. But if we’re realistic, that’s what’s happening now to your pension fund when you put your money into a pension.
A 5% annuity is hardly enough to live on in retirement.
Sad... but these are the eye-opening facts about your pension fund