Pensioners face savings nightmare as inflation soars and money is ‘worth less’ | Personal Finance | Finance

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There is risk involved, and individuals could get less back than they originally put in.

While the situation appears dire with inflation continuing to soar, there may be a silver lining to be found in this cloud.

Mr Tully highlighted annuities as a potential option for people thinking of retiring.

Annuities provide a set income for life for those who are retiring, and are often posited as a safe pair of hands rather than relying on the peaks and troughs of the stock market in drawdown.





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