Addressing the 'regulatory timebomb' of income security

This year marks a decade since the pension freedoms were revealed in the 2014 Budget to much fanfare, but are consumers any better equipped to make decumulation decisions? The radical changes to the pensions landscape - implemented in 2015 - were devised to give retirement-age savers more choice about how they access their pensions and use their money. Prior to this, a 2014 market study by the Financial Conduct Authority (FCA) found the annuities market was not working well for most consumers and, predictably, swathes of pension savers cashed in on their newfound freedoms, shunning an...