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Three-quarters, 76%, of over 50s say that appetite for risk is an important factor when deciding what to do with their pension pot, according to new research.

Pension and investment provider Aegon is introducing cash 'ringfencing' during the pension and SIPP retirement journey to simplify and optimise the process of withdrawing funds.

Pension experts said that today’s figures from the PLSA about retirement living standards should be a ‘wake-up call’ for savers.

Advisers and clients have become more concerned about wealth transfer since the Government’s proposals in the Autumn Budget to include unused pension assets in the estate for inheritance tax.

The minimum amount someone needs in retirement has fallen, according to the latest update of the Pensions and Lifetime Savings Association’s (PLSA) Retirement Living Standards report.

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