'Less is more' when it comes to pensions information

Is there a risk of information overload on pensions?

clock

Too much information can leave retirees overwhelmed and reluctant to make decisions. Andrew Tully wants the industry to get to the point

April is just around the corner, and the pension freedoms will finally be here. For those reaching retirement after April, as well as those who delayed their decision after the Chancellor's announcement last year, there will be more choice over what to do with retirement savings. But, does more choice mean people will have to take more complex decisions? To make the best choices, people need to start with the right information. The Financial Conduct Authority's (FCA) recent study into the retirement income market asked a series of questions about the information available to help c...

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

British Steel a stark reminder of obligations around client files

British Steel a stark reminder of obligations around client files

Lawyer Philippa Hann reflects on her work around the pensions case

Hope Coumbe
clock 27 March 2024 • 2 min read
SSAS and the general levy: A victory for common sense

SSAS and the general levy: A victory for common sense

The value of SSASs after general levy consultation outcome

Caitlin Southall
clock 26 March 2024 • 5 min read
Pension dashboard operators join forces to push project forward

Pension dashboard operators join forces to push project forward

Coalition aims to bring 'dashboards to consumers as early as possible'

Jasmine Urquhart
clock 25 March 2024 • 2 min read