Article preview: A surge in 55th birthdays and the fifth anniversary of pension freedoms were unintentionally timed this year to coincide with the current coronavirus pandemic. According to new research, a record number of us are set to celebrate the milestone of our 55th birthdays this year. Age 55 is a relevant age for pension purposes, as it’s the minimum age at which you can access the money in your pension pot. Insurer Aviva found that 2020 is the year when the number of people reaching age 55 is set to peak following the introduction of pension freedoms in 2015.
55th birthday surge prompts pension tips
This 600-word blog post considers new research from insurer Aviva, looking at a peak in 55th birthdays this year. Includes comments from Alistair McQueen, head of savings and retirement at Aviva and his 5 points to consider when accessing pension monies. Written on 7th May 2020.
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