Retirement trends: The Twelve Days of Pensions
By Kirsten Hastings, 16 Dec 15
Embracing the festive season, Fidelity International presents to you “The Twelve Days of Pensions 2015”, outlining key retirement trends gleaned from customers calling its contact centre between July and November 2015.
Reinvesting took the Number 1 spot for usage of tax free cash withdrawals.
2% of clients in July wanted to use their tax free cash to fund a divorce settlement.
Of those enquiring about annuities, one in 3 wanted to sell them!
September was the month for home improvements with just over one in 4 callers (26%) taking their tax free cash for this purpose – a whopping 56% higher than the overall average of 15%.
