Fraser, 63, a retiree from Essex, had been planning to leave his £140,000 pension pot invested in stocks and shares, only cashing out monthly gains to tide him over financially to state pension age.
“I was trying to only take the cream off the top, anything above £140,000. Every month in recent years, I’ve taken between £2,500 and £3,000 out to live off it. Then, at 67, I could have bought a decent annuity. It was fine, until the tariffs on Trump’s ‘liberation day’.”
