Thousands of savers face a pension shortfall, warns Zurich
'Pensions could veer off course'
More than two fifths of savers who have gone into drawdown to access their cash have left the remaining pot untouched
Thousands of savers taking tax-free lump sums ahead of retirement are at risk of a pensions shortfall in later life due to neglecting their remaining pot, Zurich has warned.
Zurich said tens of thousands of savers that have accessed their pension for the 25% tax-free lump sum are unaware of what to do next and are leaving their remaining pension running on ‘auto-pilot'....
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