Stephen Lowe: Five years on, how is pension freedom working out?

Five years ago this week, then-Chancellor George Osborne unveiled his plan for pension ‘freedom and choice'. Since the policy was implemented a year later, pension savers aged from 55 have had greater flexibility to take pension cash. Although still in its infancy, how is it working out? The first thing to point out is that despite various upheavals - Brexit anyone? - the economic environment has so far been benign with low interest rates and relatively strong financial markets. Even so, research by the Financial Conduct Authority (FCA) points to winners and losers. In its recent cons...