Retirees risk losing 'a third of their income over night'

Research by retirement specialists, Partnership, revealed regular incomes could fall by 39% with people living in certain parts of the country being hit even harder. Incomes between employment and retirement drop the most in London (-48.05%), the East of England (-40.20%) and the South East (-39.51%). On a county basis, those in Buckinghamshire (-45.37%), Cambridgeshire (-44.39%), Leicestershire (-42.11%) and Hertfordshire (-42.01%) are the most likely to see a significant reduction in their income when they stop work. The analysis of HM Revenue & Customs data suggests those relyi...