Thousands of savers with £250k pensions take cash over tax-free money and IHT fears
NegativeFinancial Markets

A record £70 billion has been withdrawn from pensions in the past year, raising concerns that savers are making impulsive decisions without proper advice, potentially jeopardizing their long-term financial health.
Editor’s Note: This trend is alarming as it suggests that many individuals may not fully understand the implications of withdrawing large sums from their pensions. Without proper guidance, these decisions could lead to significant financial challenges in retirement.
— Curated by the World Pulse Now AI Editorial System