Three million pensioners hold all ISA savings in cash - FOI data

4,4% of spending power lost

clock • 1 min read
Steve Webb

Steve Webb

More than three million pensioners hold all their ISA savings in cash, data obtained by pensions consultancy LCP found.

High inflation rates will result in "savage" cuts of more than £3bn in the total spending power of UK pensioners' cash savings in the next year, according to LCP partner and former pensions minister Steve...

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