The government apparently spent £18 million last year advertising “Pension Wise”, its free advice service, designed to make sure that, following pension freedoms, the unadvised don’t squander what savings they have. However, only 7% of those planning to retire have so far used the service. And, just as it’s the already healthy who’ll take advantage of free health checks, it’s those who can afford advisers who tend to use Pension Wise, simply because they can. So, another good use of your hard-paid taxes.
“Why you should never retire”
On my 50th birthday, I will always remember, amongst the card or two I received was a letter from Saga’ who’d managed to find out my age through the wonder of the internet, and were pleased to tell me I now qualified to join my parents and go on holiday with them.
