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

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

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We're only a few weeks away from 6 April and the introduction of most of the pension 'freedoms' announced at Budget 2014. As Brendan Llewellyn writes, there are plenty of 'safe bets' as a result of the changes, but a handful of ambiguities too...

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 ...

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