Retirees face some tough choices when investing in low interest rate environments. Self-funded retirees use their savings to fund their living expenses and therefore cannot afford to invest a great deal in riskier assets. There is the risk that they lose capital and then do not have the time horizon to sit and wait for the investments to recover. Hence retirees are looking for investments which generate income but offer lower levels of risk. Buying Bank Shares Banks shares are …

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