Editor’s Column: The post-pandemic pension rethink

 

The pandemic is not over yet, far from it, and it is too early to predict the long term impact but if there is one certainty it is that many people’s retirement plans are changing.

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1 in 8 over-50s change retirement plans

One in eight workers over 50 have changed their retirement plans as a result of the Coronavirus pandemic, according to the latest figures from the Office for National Statistics (ONS). 

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Retirees drawn to riskier investments warns FSCS

The Financial Services Compensation Scheme has warned that retirees are being tempted to put money into investment products claiming to offer high returns due to the prolonged low interest savings environment.

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66% of retirees risk pension pot running dry

Two thirds (66%) of adults retiring in 2021 risk running out of money in retirement, according to a new study.

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