Financial experts express alarm after jump in sums people taking out of retirement pots amid ‘jitters’ about tax

Older savers should avoid making rash decisions about their pension cash based on “fear and rumour”, experts urged this week.

The warning came as figures showed a rise in the sums people were pulling out of their retirement pots.

Continue reading…Pensions, Consumer affairs, Financial Conduct Authority, Money, Rachel Reeves, Budget 2025, Budget, Regulators, Savings, Business, UK news, UK cost of living crisis, Pensions industry, Tax and spending, Banks and building societies, PoliticsRead More

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