Satisfaction guaranteed? Post-Budget pension pot investing

Next April will bring freedom of choice to pension savers, giving people total control over what to do with their savings. George Osborne's Budget changes mean from age 55 (this goes up to 57 in 2028) people will be able to access their defined contribution (DC) pension savings without the effective need to buy an annuity. They can still take a quarter of their pension pot tax-free, but in six or so months they could, in theory, take the rest subject to taxation. The danger of retirees spending it all at once has been debated at length, but the probability is that lifelong savers a...