Why not to retire in April

The Telegraph warned readers that despite the attractions of the new pension freedom rules that come into force in April, there are good reasons not to rush to take advantage of them. It cited five reasons not to rush into pension withdrawal, among them the risk of chaos as pension providers struggle to deal with millions of requests, the lack of availability of new investment products that may provide better long-term retirement income solutions, and the risk of paying too much tax if too much money is taken out.

The key thing most people will need is a proper review of their retirement income needs and how their pensions can be used to meet them.