2007-12-06 00:31:08 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
"Unlocking your pension, also sometimes called 'pension release' describes the taking of pension benefits before you actually retire. Pension unlocking is a high risk option that is not suitable for most people."
You are gambling with your retirement money. If you take the money and spend it all, it's gone. Most people do not have the discipline to not touch the money; many people do not have the skill to invest the money and get a better return than what was originally promised by the pension.
2007-12-06 02:54:04 · answer #1 · answered by Anonymous · 0⤊ 0⤋
What is the pension unlock scheme
2007-12-06 00:39:51 · answer #2 · answered by Anonymous · 0⤊ 2⤋
Anything like this I automatically assume it's somehow you lose out and somebody else profits.
2007-12-06 00:34:55 · answer #3 · answered by Anonymous · 1⤊ 0⤋
i think it is the dumbest thing a person can do!!!
2007-12-09 23:49:50 · answer #4 · answered by mister ed 7 · 0⤊ 0⤋