The suggestion of a pensions credit card has been branded 'irresponsible', but denying retirees the freedoms they're being promised is akin to denying a toddler a ball until they've proved they can play with it properly, writes Mark Polson.
Harrumph! That's the sound from the pensions industry and a good part of the advice profession in respect of the idea that pension savers might take their pots and run. And harrumphing turned to...
Retirement Advantage research suggests
9,700 transfers in 2016/17
Up 0.1% from Q1
Extra burdens for largest firms