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

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

clock

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...

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

DWP publishes state pension age communications action plan

DWP publishes state pension age communications action plan

Government confirms plan to develop strategy with ‘timely’ and ‘modern’ communications

Martin Richmond
clock 25 June 2026 • 4 min read
Ros Altmann: A pensions manifesto for the new prime minister

Ros Altmann: A pensions manifesto for the new prime minister

Ros Altmann says pension funds could be a 'silver bullet' to revive UK growth

Baroness Ros Altmann
clock 25 June 2026 • 6 min read
Scottish Widows launches pension tracing tool

Scottish Widows launches pension tracing tool

Some 3.3 million pension pots are 'lost' in the UK

Holly Roach
clock 24 June 2026 • 1 min read