Dipping into DC directly 'risks overspending in retirement'

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Pensioners are at risk of overspending in their retirement years due to flexibilities allowing them to withdraw straight from their defined contribution (DC) pots, according to Prudential.

Retirement income expert Vince Smith-Hughes (pictured) welcomed the Budget freedoms but warned that retirees could run out of cash sooner than they expected. Drawing on life expectancy data fro...

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