Dymott's Digest: Was Budget 2014 the UK's 401k moment?

Was Budget 2014 the UK's 401k moment?

clock

If the US has successfully 'consumerised' retirement, what might Budget 2014 do for UK savers? Fidelity's Ed Dymott ponders Britain's 401k moment...

George Osborne's drive to increase pension freedom and flexibility, combined with auto-enrolment into pensions, has the potential to transform retirement like never before. It has been said a few times, but I really feel this could be the UK's 401k moment. The changes announced last month coupled with those made over the last few years represent the most significant overhaul of the UK retirement system in living memory. The 401k market has transformed the habits of US investors over a generation. Individuals in the US are generally more engaged in their finances and understand t...

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

Advisers place focus on retirement support as providers lack 'meaningful' engagement

Advisers place focus on retirement support as providers lack 'meaningful' engagement

People’s Pension poll shows 54% of IFAs say providers struggle to create ‘meaningful’ engagement

Martin Richmond
clock 19 August 2026 • 3 min read
Pensioner poverty has risen for more than a decade, warns LCP

Pensioner poverty has risen for more than a decade, warns LCP

Single and divorced pensioners most affected and should be focus for future policy

Alex Levy
clock 18 August 2026 • 4 min read
Why reliable SIPP administration matters more than ever

Why reliable SIPP administration matters more than ever

This is a classic 'sledgehammer to crack a nut' response

Rachel Vahey
clock 17 August 2026 • 3 min read