Spend it Wisely

Investment companies are producing some fascinating data on how pensioners are spending their money.

The latest data, from Fidelity, shows that rather than splashing their cash on cruises and Lamborghinis, many are concentrating on more practical matters.

Around one in three are using their cash to pay down debt, and about one in ten are doing home improvements.

Just 5% take holidays and 3% buy cars.

Interestingly, 2% seem to be divorcing, cashing in their pensions early to fund this expensive business. It just goes to show that 'stay married' remains one of the best bits of financial advice you can give!

So what are you or planning to spend your pension on? Need advice? We are here to help.