Article preview: Retirement can be a risky time. There are many risks to navigate in later life, including those which can impact your financial health. Added to that list is a potential financial shock that comes about as a result of a little-noticed change to the state pension system. The risk, identified by insurer Royal London, follows a state pension system charge in 2016. That change could result in older couples facing an unexpected financial shock when one of them dies.
Watch out for this unexpected financial shock in retirement
This 573-word blog post considers what would happen to household income when one spouse dies in retirement, following changes to the state pension system in 2016. Written on 30th June 2019.
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