PA's Armchair critic Brendan Llewellyn looks at the consequences of George Osborne's power-to-the-people pension changes…
The 'Freedom at 55' Budget change is one of the more interesting things to happen to the sector. As always, with any debate half the people respond to such a change by saying what people ought to do and the other half respond by saying what people will do. Firstly, on the question as to what people should do faced with the freedom to take, at 55, whatever proportion of their retirement pot they wish. It's an interesting question and can only be considered in the round. If at that age they have, for the first time, the potential to access a level of money that could change their li...
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