Pensioners worry about their financial future

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Prudential has published research showing that 43 per cent of pensioners are worried about whether they will be able to get by long-term on their level of income.

On retirement, individuals have the option to take a tax-free lump sum payment from their pension fund, using the remainder of the fund to purchase an annuity. However, one in ten pensioners are now questioning whether they were wise to take a lump sum from their pension fund and spend it.

Despite this, of ...

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