Pension mistake leaving pensioners' pots insufficient - ‘they go overly cautious'

© HOXTON CAPITAL MANAGEMENT/GETTY Chris Ball of Hoxton Capital Management and pensioners

One expert has claimed being too cautious with your savings in retirement could mean your pot won’t sustain you. spoke to a financial advisor and CEO of Hoxton Capital Management, Chris Ball.

Hoxton Capital Management has offices in the UK, Dubai, the US, Australia, and Europe.

The financial expert works with high net worth clients and those looking to grow their wealth.

He advocates for making investing simple, growing your wealth slowly over time.

As well as growing wealth, Chris – who shares his expertise on his Instagram account – is an expert in wealth management in later life into retirement.

READ MORE: State Pension age reduced to 63! What you’d get if you retired early in new plan

© GETTY A pension pot

He detailed one of the most common mistakes made in retirement.

Chris said: “Normally, I find people in retirement maximising their pensions, it’s more a case that they go overly cautious on their assets.

“They put so much of it in cash that it doesn’t provide a good return for them.”

Chris suggests there is a careful balance to be struck when it comes to drawing money from your investment.


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It is important to note that there is always the risk of losing money when it comes to investing.

Christ went on: “If you’re 60 and the average life expectancy for a man in the UK is 81, you’ve still got 21 years for that pension pot to last you and if it’s in cash, it’s not going to last.”

Often, Chris claims, people who have managed to save large sums are reluctant to spend.

He said: “It’s funny because people who save a lot during their life’s work generally tend to be quite scared to spend the money even though they’ve probably got more of it.

© EXPRESS.CO.UK Infographic showing how long it takes to be a pension millionaire

“It’s just managing that cash flow and knowing that you have the ability to be able to spend £100,000 in a year, and it not completely wipe you out later on down the line – that is key to understand as well.”

Chris also advised how on saving during different life stages.

People should never invest more than they can afford to lose and having a reserve in the bank is essential for life’s ups and downs.

But, Chris said: “You want to keep a minimal amount in cash because it’s sitting there not doing anything.

© GETTY A couple of pensioners

“The rest should be invested in and you need to structure the investments how you see the best.”

The same style of investing will not work for everyone, it is important to note.

Different styles of investment are better suited to different people, Chris explains.

“A younger person I would be encouraging, if you’re investing your pension, for example, invest more in equities now because you’ve got a long way until you get to retirement.”

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