'Retirement riddle' impacting on retirees' health and wellbeing - L&G

The research showed that thousands of people potentially choosing options - or defaulting into arrangements - that are increasing their likelihood of feeling depressed in later life or unable to plan for the future. L&G Retail Retirement Income managing director Emma Byron said retirement had entered a new age and that the days of "carriage clocks and gold-plated pensions" were over. The biggest impact was on Britain's poorest half of retirees, the research suggested. Of those with modest or poor incomes who were invested in an income drawdown arrangement, L&G found, one-fifth (19%) s...