Can Your Pension Deliver a Comfortable Retirement?

How much do you really need for retirement? Helen Morrissey and Clare Stinton explore new pension adequacy research from Hargreaves Lansdown and Oxford Economics, revealing how spending changes throughout retirement and the crucial role of the State Pension. They discuss annuities, income drawdown, hybrid approaches, and the impact of tax-free cash decisions. With insights into covering essential costs, maintaining your lifestyle, and avoiding common retirement pitfalls, this episode offers practical guidance for anyone planning their financial future.This podcast is for information purposes only and is not personal financial advice. Pension and tax rules can change, and benefits depend on individual circumstances. The value of investments can rise and fall, so you may get back less than you invest. Past performance is not a guide to future returns. Income drawdown is not guaranteed and there is a risk of running out of money in retirement. Annuities provide guaranteed income but once purchased they cannot normally be changed or cancelled. Pension benefits cannot normally be accessed until age 55, rising to 57 from 2028. If you're unsure about the suitability of any retirement option, seek free guidance from the government’s impartial Pension Wise service, or personalised financial advice. Hosted on Acast. See acast.com/privacy for more information.