Show me the money: Pensions freedom is far from straightforward

Sheriar Bradbury sees it from the provider's point of view

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Yes, pensions freedom is about handing responsibility to savers but Sheriar Bradbury can understand why providers are reluctant to go all the way...

Q. When is a bank account not a bank account? A. When it is a pension that the Chancellor has told you that you can use like a bank account. It's no surprise that some providers are not giving their customers the full suite of flexibilities that George Osborne's pension flexibilities have made possible. Aegon is the latest to feel the heat from the national press for refusing flexible access to everyone except those prepared to pay for ‘expensive financial advice'. Instead, customers have the choice of cashing in their entire fund, which in all likelihood will leave them paying ...

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