Emergency stop: Why politicians should hit the brake on pension freedoms

Emergency stop: Why politicians should hit the brake on pension freedoms

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David Brooks is coming out as ‘protectionist' in the pension freedoms debate and warns the risk of pensioner penury is very real...

The seismic changes in pension provision coming in from April 2015 have the potential for a wide range in outcomes for individuals. There is a risk that with a range of choices people will choose unwisely. This isn't to be a naysayer, as I broadly support the changes, but we must do what we can to protect people that have saved all their lives just to ruin it all in one bad decision. There is a lot for people to lose and much at stake. The success of the flexibility and freedom of choice for all with their pension assets hinges on the quality of the guidance AND advice that individ...

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