Stuck in the advice gap: Will FAMR reach the 'lost' generation?

'The public does not always think rationally, or even sensibly'

clock • 2 min read

Lawrence Gosling assesses the outcome of the FAMR and reckons using pension freedom cash to buy a flat in Tenerife should come with a health warning...

I am not worried about the tax, it is not like it was my money in the first place. I will pay the tax and then buy a flat in Tenerife, which will keep me going for my retirement This is a paraphrased real-life quote from someone I will call a pension freedomer - a new group of people who have taken, or are thinking of taking, 'advantage' of the new pension freedom rules. The People's Pension, a not-for-profit pension provider, State Street and an independent research company called Ignition took a small pool of people who are pension freedomers and followed them during their decisio...

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