Retirees could be heading into trouble as average pension pots require ten times more investment growth than they currently produce to realise desired levels of retirement income, according to research.
Royal London has reported a stark mix of success and disappointment in its first quarter results, with massive outflows from its investment business and soaring sales of its pension products.
The average pension pot will last for just ten years in retirement if consumers withdraw funds at the rate they see fit, research has shown.
Is ‘natural' income the answer to the sequence of return problem?
Which tax wrapper is best for retirement planning?
Which tax wrapper is best for retirement planning?