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Inquiry told some UK retirees are abusing pension freedoms, ending up needing help

Inquiry told some UK retirees are abusing pension freedoms, ending up needing help

What is likely to be seen as potentially significant evidence about the effects "pension freedoms" have had on some retirees' lives has begun to emerge from a handful of submissions that have been made thus far to a UK government inquiry into those pension freedoms, with one commentator describing the case of a man who had released £120,000 from his pension pot and "spent every penny on gambling, a car and alcohol". Please link to International Investment to read the full article by Helen Burggraf.

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