Almost half of those approaching retirement expect to supplement their pension income from other forms of savings, research from Fidelity suggests.
It claims thousands of workers approaching retirement are at risk of burning through their savings well before they die because they do not have a realistic retirement income plan. The research - Improving Britain’s Retirement Income - reveals 70% of people aged over 55 who have not yet retired have no idea how much they might withdraw from their savings, while most of the remainder are set to dip into their savings at potentially unsustainable rates. Simon Fraser, president of institutional business at Fidelity International, says, “People approaching retirement have yet to fully grasp...
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