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How will the current financial climate affect UK pensioners?

By Rebekah Evans

Pension saving often involves a lot of forward planning, with key decisions having to be made at particular times within a person’s life. However, due to the economic and financial disruption brought about by coronavirus, many savers have expressed uncertainty in the current pension market.

Read also Transaction costs make up 37% of UK pension investment costs: CACEIS

It is feared pension savings could potentially be at risk, and a significant number of savers are looking for ways to secure their pot for retirement.

Pensions are often a lifeline for hard-working Britons who are departing their professions for a well earned retirement. But reliance upon private and personal arrangements, alongside workplace pensions is gaining traction.

Read also U.K.’s Largest Pension Fund Urges Total to Clamp Down on CO2

The State Pension is increasingly viewed as a safety net, and additional savings may be necessary for peace of mind.

Read more @Express