Rushed pension reforms are dangerous, industry warns

Research flags warning

clock • 4 min read

The pace of change in pension reform has been too fast and risky, research by Professional Adviser's sister title Professional Pensions, has suggested.

This week 58% of Pensions Buzz's 149 respondents thought too many people did not understand how their ability to save would be affected by the reforms. Just over half of those surveyed replied the young were being made to pay the price of supporting generous pensions for the old. The industry also rejected the assertion people would have to work until they were 85 before they could retire. A comfortable majority (58%) of the industry think the pace of pension reforms over the past couple of years has been dangerous and happened too quickly. The concerns centred on the introducti...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

FCA tweaks rules ahead of pensions dashboard connection dates

FCA tweaks rules ahead of pensions dashboard connection dates

Firms will be COBS 19.11 compliant when they connect to CDA

Jasmine Urquhart
clock 01 May 2024 • 1 min read
Pensions campaigner and former WPC chair Frank Field dies aged 81

Pensions campaigner and former WPC chair Frank Field dies aged 81

Field was a former Work and Pensions Committee chair and a welfare champion

Professional Pensions
clock 24 April 2024 • 5 min read
Crucial advice issue: Death benefits detail advisers need to know

Crucial advice issue: Death benefits detail advisers need to know

Important differences from previous regime

Andrew Tully
clock 05 April 2024 • 4 min read