Can we just pause for a moment? Reaction to the (latest) pensions upheaval

The Queen confirmed on Wednesday that innovation in the private pension market would be introduced alongside reforms which will remove the effective need for retirees to buy an annuity when they retire. The introduction of collective pension schemes, similar to those in operation in the Netherlands, allows thousands of workers to enrol in one scheme giving greater economies of scale, lower costs and the potential for greater returns. But not all stakeholders agree this is the healthiest direction for the UK retirement market. Here, Professional Adviser summarises the best reaction to ...