Pension freedoms have delivered flexibility in the last decade 'at a cost'

The Ten Years of Freedoms research paper, sponsored by Fidelity and Standard Life, looked at results from 2,000 consumers and 100 advisers, and found the majority (71%) of consumers value the ability to access pensions flexibly. However, 43% of advisers said increased flexibility is confusing to clients and 41% said it increases the risk of running out of funds, while 45% of consumers agreed they might run out of money for retirement due to the increased choice. The paper also showed nearly half (47%) of consumers said they were unaware of pension freedoms, while 19% said they did not...