Five unintended consequences of pensions freedom...and how to deal with them

Five unintended consequences of pensions freedom

Carmen Reichman
clock

Pensions freedom has given consumers control over how to spend their retirement savings, but a number of unintended consequences have emerged, according to a lang cat report.

The consultancy identified five dangers in the government's recent pension reforms in its new report When the levee breaks: What next for the UK retirement savings market? The firm looked at what has...

To continue reading this article...

Join Professional Adviser

 

  • 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.
  • Tap into our community intellignece through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Former pensions minister Baroness Ros Altmann.

'Messy' net-pay remedy to miss 85% of affected savers

To be offered 20% 'top-up'

James Phillips
clock 28 October 2021 • 4 min read
Chancellor Rishi Sunak. Photo: UK Parliament CC BY 3.0

Government confirms plans to review DC charge cap

Consultation will aim to unlock investment while protecting savers

Jonathan Stapleton
clock 27 October 2021 • 3 min read
"What financial advice firms of all sizes need to do now is ensure they prosper by making the most of digital, integration and self-service technology." - Simon Binney

Simon Binney: The changing face of post-pandemic financial advice

First of a two-part series

Simon Binney
clock 25 October 2021 • 5 min read