LPA 'crisis' leaves 1.7 million drawdown retirees at risk
More important since pension freedoms
Four in five retirees (79%) using pension freedoms to manage their retirement savings face a potential 'later-life financial crisis' as they have not yet set up lasting power of attorney (LPA), Zurich has warned.
More than 345,000 retirees using income drawdown to fund their retirement have not yet given a family member or friend the legal authority to make decisions on their behalf if they no longer can. According...
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