Emotionally appealing: The real factors influencing retirement decisions

The default option for many at retirement – the annuity purchase – has been swept away by pensions freedom. Chancellor George Osborne said the package of reforms would hand control back to savers and give people the freedom to do as they choose with their pension pots. So, having saved sufficiently through their working life, when people reach retirement everyone will make rational decisions about their savings and make proper provision for themselves throughout their later life, right? Barclays head of behavioural investment philosophy Greg Davies thinks not. He believes there is ...