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16th May 2016

Be careful for what you wish for!

Prudential looks back at the investment markets since March 2015 and considers how investors might have fared with their new-found freedom over how they might access their pension savings. 

  • Fundamentally, Pensions Freedom was about a transfer of investment risk from the annuity providers to the individual client
  • Investment conditions over the last year have meant that many clients will have had a challenging start to their retirement journey
  • A poor start is difficult to recover from both in real monetary terms as well as emotionally
  • The impact of ‘pound cost ravaging’ when taking withdrawals is most acute when investment markets are volatile, as they have been over the last 12 months

Read the full article

 

Pension Reforms, Pensions

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