The death of the 'once and done' pension plan

  The new era of pension freedom brings both an air of expectation and potentially a series of unanswered questions for the advice profession. On the one hand, many aspects of the pension regime have been made simpler in the eyes of long term savers - offering a heady mixture of tax relief and broader accessibility. Conversely, the pension framework remains subject to constant tinkering by policymakers with the impact of ill-informed decision making at the point of retirement still unclear. Ironically, despite a long overdue overhaul of what had become an antiquated pension regime,...