The majority of people over 45 who have not yet retired are currently relying on bank and building s...
The majority of people over 45 who have not yet retired are currently relying on bank and building society savings accounts to top up income in retirement, despite interest rates languishing at an all-time low, according to research revealed by Britannic Asset Management. Despite the Bank of England's recent cut to base rates to 3.75%, bringing repo rate to a level unseen since 1955, over 5 million, or 43.5%, pre-retireds – people over 45 who have not yet retired – have saved their extra pension money in savings accounts. The other 18% of pre-retireds have savings tied up in e...
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