Most retirees have 'no intention' to stay invested - poll

Carmen Reichman
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Most savers have no intention of taking on the risks of investing in equities once they have begun to draw their pension, research suggests.

Franklin Templeton's Retirement Income Strategies and Expectations (RISE) survey found only a quarter of more than 2,000 adults questioned expected to keep some of their retirement savings invested on the stock market. For most people (42%) the market was 'too risky' as a retirement strategy, while one in three (33%) said they felt they didn't have the knowledge to choose the right investments. From 6 April, savers aged 55 or over will have the freedom to access their pension pots and structure their retirement in any way they see fit. The reforms will increase demand for drawdown ...

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