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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First mentioned in Cridland Report