Over three-quarters of savers withdrew cash from their pension pots before reaching their selected retirement age in recent years, a new report claim . Research compiled by Scottish Widows showed ...
SOME workers approaching retirement are plundering too much from their retirement pots too soon, according to insurers. The Association of British Insurers (ABI) said the vast majority of over-55s ...
Pension savers with Friends Life are being told they cannot use their pots like a bank account after the insurer decided it is currently unable to offer the Government's new retirement freedoms in ...
ABOUT 130,000 people a year will choose to take cash out of their pension pot when the new rules to give retirees more financial freedom come into force, according to estimates from HM Revenue ...
I'm starting a new anti-FIRE movement called CHILL, says ANDREW OXLADE I'm 65, have £180k in cash savings and want to retire next year - how much monthly income could I get? Many people are in ...
Withdrawing funds from a pension, either too early or too rapidly, can have a seriously detrimental impact on your future financial security, says finance expert Peter Sharkey. When the taxman ...
Savers are plundering more than £300 from their "rainy day" funds each year, typically to pad out their spending, research has found. Three-quarters (75%) of those surveyed said they put money ...
My father-in-law is 85 years old. He has just had heart surgery, suffers from mobility issues and is in the early stages of dementia. He also recently lost his wife of more than 40 years.
Mike Miller is a writer with a decade of experience producing product and service content to help consumers make informed purchasing decisions. Mike has a bachelor’s degree in creative advertising.