Stephen Lowe: Don't let retirement be a gamble

'The new norm'?

clock • 3 min read

The FCA's Retirement Outcomes Review interim report describes accessing pension pots early as "the new norm" among non-advised customers - but, says Stephen Lowe, just think about what that actually means.

Are you ever surprised by the number of gambling adverts on late-night TV? Like a lot of people who buy the odd lottery ticket or back a horse in the Grand National, I enjoy a flutter now and again - win or lose. Yet, to me, the number of online casino ads jostling for space seems to be trying to portray a world where risking money is the norm rather than a rare and potentially expensive treat. Gambling companies would not advertise unless it was profitable to do so. It is fairly obviously in their interests to target late-night TV watchers with the message online betting is good, clean ...

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

PA360: The 'human' element of retirement planning becoming ever more important

PA360: The 'human' element of retirement planning becoming ever more important

Retirement panel on client-centric approaches

Isabel Baxter
clock 02 May 2025 • 3 min read
'Urgent action' needed on Gen Z pension saving barriers: PPI report

'Urgent action' needed on Gen Z pension saving barriers: PPI report

Generation faces retirement challenges

Jasmine Urquhart
clock 26 February 2025 • 3 min read
Advisers concerned about regulatory scrutiny in decumulation phase

Advisers concerned about regulatory scrutiny in decumulation phase

Retirement planning ‘dominates’ client advice requests

Isabel Baxter
clock 27 November 2024 • 3 min read