Low interest rates drive retirees towards riskier investments: What should you do to reduce the hazards?

  • Rock bottom rates have influenced older people’s financial decisions
  • Some may invest in products not covered by compensation scheme
  • What steps should you take to ensure protection? Find out below
  • Do you need help fixing your finances? Find a financial adviser service 

One in five retirees have explored putting savings in financial products they would not normally consider to get a higher rate of return, new research reveals.

Pension freedoms have encouraged retirees to invest their pots to provide an income in old age, but a study by the UK’s financial compensation scheme shows some are taking risks that could leave them out of pocket.

The UK’s prolonged low interest savings environment has had a direct impact on older…

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