69% of older people terrified of running out of money

George Osborne announced in the Budget that no-one will ever be forced to buy an annuity ever again. Instead, people will be able to withdraw what they like, spend what they like and make their own decisions. For some people this is clearly going to be a godsend, but for the vast majority of the over 55s it holds a major threat.

Some 69% of people are petrified that left to their own devices they'll run out of money.%VIRTUAL-SkimlinksPromo%