'Seeing' future income key to retirement success

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The April pension freedoms mean greater flexibility in accessing pension funds, but ensuring people are clearly picturing where their money can and will go is important to its success, says Mark Loosmore

In just over one month, the pension freedoms introduced in last year's Budget will come into effect. Whether people are considering transferring schemes or unlocking pension savings, to be clear what the best decisions for their personal circumstances are, people need to be able to visualise these outcomes and what the impact of transferring could be. The government is offering ‘Pension Wise', to help those approaching retirement understand the basics and to point them in the right direction, but this service won't be able to deliver the bespoke, detailed analysis and product recommen...

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