As the UK’s retirees begin the process of drawing down an estimated £5 billion from pension funds in the wake of the Government’s landmark reforms, the next challenge is of course working out where it’s all going to go.
A report by investment firm Hargreaves Lansdown recently estimated that 14.5% of pensioners are planning to spend on property, 7.5% are gearing up for some serious hols, but the majority (47%) will be putting money into “alternative investment vehicles” (which could be very good news for Lamborghini..).
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