Despite all the warnings from govt and other financial bodies the urge to keep pension savings secure in a bank account seems to be too compelling to ignore. With headlines screaming doom gloom and despondency after Brexit is it surprising that the flight to safety dominates? But there is an important point that needs to be communicated. Cashing in pension pots to put into the bank may avoid subjecting savings to the vagaries of the stock market BUT up to 45% of savings might disappear in one fell swoop to the tax man if you are a higher rate tax payer! And yet if solicitors, actuaries and accountants are doing it (who are likely to be in that catagory)...is it surprising that the the supposedly less financially literate feel the flight to safety is worth it? And  little bit of me thinks that maybe the government is happy for this urge to continue.....