Pensions freedom risks becoming 'infamous example of political bungling' - Royal London

The chief executive of Royal London said the package of reforms announced in last year's Budget had been introduced too quickly and the population had so far failed to understand what it means for them. He said while the company supported the changes, the policy had been "thrown into place in an entirely unrealistic timescale". "I fear that many will make the wrong, often irrecoverable decisions about their retirement and this will result in some very poor outcomes. The simple fact is that many people, perhaps most, have not engaged with pension freedom and lack the basic financial kn...