Pensions experts are warning over-55s against using their retirement savings to see them through the cost-of-living crisis.
Inflation soared to 9% in April as a result of the escalating price of food, fuel and transport, putting a squeeze on finances for many households. Those able to access their pension pots could be tempted to take out money to cover immediate costs, but this comes with the risk of having significantly less income in the future.
