Pension changes brought a whole new range of options to consider
Unadvised retirees who are now able to dip into their pension are having to return to work to cope with juggling their finances, according to a new report. Pension freedoms have given individuals control over how to spend their retirement savings, but a number of unintended consequences have emerged. Since rules governing how pensions can be taken were dramatically relaxed in 2015, more than a million over-55s have gone on a freedom-fuelled spending spree.
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