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…