Pensions freedom: Long-term problems stem from short-term decisions

‘Short-term pension freedom decisions will cause long-term problems’

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Tony Watts explains why pension freedom and choice is 'policy driven by politics'

Having been involved with some of the consultation processes around pensions over recent years, I have nothing but admiration for many of the reforms now taking place. For many of the long overdue decisions - the single-tier state pension and auto-enrolment in particular - we have Steve Webb to thank. Reining in fees is another worthy achievement, so too enabling many older women to have a decent pension. The freeing up of the pensions market and removal of the annuity straitjacket also has his stamp on it. The timing, however, a month before the general election, is political. ...

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