Inflation risk 'biggest threat to retirees'

The survey of 1,000 people with £100,000 or more in their pension fund and approaching retirement reveals the average person expects inflation to chip £20,501 off their pension pot. Sun Life research shows inflation of 3.2%, which was June's CPI rate, would shave a £100,000 fund down to £72,2513. "Inflation is a clear risk that consumers recognise, yet they still tend to opt for products that do not offer any protection against this major risk, highlighting a gap in people's understanding of what is available to them at retirement," says Mark Stopard, head of marketing at Sun Life. ...