Should you take your pension money now?

Informed Choice chartered financial planner Nick Bamford was quoted in an article in Money Mail yesterday, about people approaching retirement who have benefited from recent increases in investment values.

Talking about whether people near retirement should be debating further stockmarket rises, Nick said:

'The risks of markets dropping again are far greater than the risk of missing out on continued recovery.

'Ideally, these savers should have already switched into safe havens such as cash and bonds. For those still heavily exposed to the stock market, it's a no-brainer to take some of your pension now.'

You can read the article in full here.