Comment: Will Brits follow the Aussies in blowing retirement cash?

50% of Aussies spend pension cash by age 70. Will we follow?

Jonathan Stapleton
clock

Jonathan Stapleton says half of all Australians blow their retirement pots by the age of 70 and asks if this is a sign of things to come in the UK.

"Individuals who have worked hard and saved responsibly throughout their adult life should be trusted to make their own decisions with their pension savings." Such were chancellor George Osborne...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

Ten years on from the pension freedoms, our attitudes have come full circle

Ten years on from the pension freedoms, our attitudes have come full circle

Colin Clarke says we need to focus on the primary purpose of a pension

Colin Clarke
clock 04 April 2025 • 6 min read
FCA greenlights two further LTAFs for Aegon workplace pension default fund

FCA greenlights two further LTAFs for Aegon workplace pension default fund

LTAFs managed by JPMAM and Aegon AM will join already approved BlackRock strategy

Jonathan Stapleton
clock 02 April 2025 • 2 min read
Growth of DC will require reforms to help savers manage risks, IFS says

Growth of DC will require reforms to help savers manage risks, IFS says

IFS report says savers facing ‘stark’ challenges managing DC pensions through retirement

Martin Richmond
clock 01 April 2025 • 7 min read
Trustpilot