Why a second line of defence urgently needed

A  common concern about the "freedom and choice" pension reforms that come into force in April is that it could lead to uncertainty and confusion, with people not understanding the options they have or knowing which might suit them best. While it is certainly true that people face more complex choices, the fact is that they are already uncertain and confused – and have been for a long time. The majority of those without external help accepted the first annuity they were offered because it was handed to them on a plate, not because they knew it was good or poor value. Giving people ...