The Guardian reports “£61,897 [is] the average amount sitting in pension pots after a lifetime of saving. In total, 645,000 people accessed their pension pots for the first time in 2018-19, according to data from the Financial Conduct Authority, and they had savings totalling £40.1bn.”

It will get you an income of only £2,500 a year, and even if you add the state pension, you’ll still be below the current minimum wage.”  Read more

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