Thousands of people lose money everyday - National Association Of Pension Funds

Tony spotted the following extracts from a NAPF report into pensions:

"Thousands of people every day lose £500m to £1bn because they accept annuities that pay far less than they could secure by shopping around, i.e. not cashing in their annuity with their pension provider".

An industry source also commented that "there is no point in encouraging people to save if we do not help them to get the most out of their savings".

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