One year on from the introduction of so-called pension freedom, the worst fears of the sceptics regarding ‘insistent' clients appear not to have materialised. But how have the reforms bedded down? We asked advisers ...
Pension freedom reforms, which came into effect last April, gave defined contribution savers unfettered access to their savings from age 55. It did not afford defined benefit (DB) savers the same freedoms, leaving many advisers to fear a client stampede towards pension transfers, whether advisers agreed or not. But has it happened? Could the reforms have gone further and what might the future hold? We asked three advisers for their thoughts...
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