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