Stephen Lowe: Is it time to retire the pension 'f-word'?

Regime is in limbo

clock • 3 min read

Instead of using the 'f-word' to describe the pension reforms that mark their second anniversary today, says Stephen Lowe, it is a shame they were not badged 'opportunity and choice'

Two years on from the pension ‘freedom' reforms, how many of today's over-55s are enjoying their new-found liberty? Certainly they are experiencing more choice and flexibility - I am just not so sure this complex new world is really their idea of freedom. In the run-up to the general election, promoting freedom ticked all the right boxes. Who would vote against it? It is a deliberately emotive word designed to appeal to people's hearts rather than their heads. This kind of words paint an attractive picture of a better future - as the brains behind ‘pension liberation' schemes fully under...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Retirement

Advisers warn market volatility will threaten retirement plans

Advisers warn market volatility will threaten retirement plans

More than half expect clients to postpone or change plans

Isabel Baxter
clock 26 March 2024 • 2 min read
Perfect timing: How to advise clients on the right time to retire

Perfect timing: How to advise clients on the right time to retire

Striking a balance between health, wealth and personality

Richard Hulbert
clock 05 February 2024 • 4 min read
Baillie Gifford: Enjoying later life without an income from work

Baillie Gifford: Enjoying later life without an income from work

The latest from PA’ Digital Working Lunch webinar series

Professional Adviser
clock 12 December 2023 • 2 min read