Armchair Critic: Nine safe bets (and a few unsafe) from pensions 'freedom'

Pensions freedom day is about to come upon us and, as with all liberations, it will bring good things and bad. As a matter of principle it's hard to argue against the merits of choice because, to do so, plays a guaranteed losing hand against those who praise the innate good sense of the great British public. But how will the ‘freedoms' pan out? Here are some safe bets: Some small pots will be encashed; Some existing drawdown clients will decummulate at a heroic rate, now that the GAD limits are away; Some consumers will withdraw sensibly to pay down debts; Some will extend ...