Posted by siteadmin on Thursday 7th of November 2019
People who do not take advice about their pension are more likely to run out of funds than those who take professional advice
If you take an income from your pension without advice, there’s a risk you could run out of funds due to the alarmingly high withdrawal rates.
The latest data from Moneyfacts suggests retirees are withdrawing their money at unsustainable rates.
The research found that 70% of people who withdraw an annual income from their pension withdrew 4% or more of the value, almo...
Posted by siteadmin on Monday 30th of September 2019
Half of pension pots accessed without advice
Are the alarm bells ringing on your pension?
According to the latest official figures, nearly half of pension pots were accessed without individuals taking any regulated advice beforehand.
The latest data from the Financial Conduct Authority on the retirement income market revealed that only 15% of pots were accessed by people who received Pension Wise guidance.
According to the FCA’s 2018/19 report, 48% of pension plans were accessed without regulated advice or guidance being taken by t...