A scathing review of a year in pension politics

Have politicians forgotten basic behavioural finance?

clock

Short-termism dressed up as libertarianism. These are the five words Sheriar Bradbury would use to sum up what 2015 has meant for the world of pensions...

As we have moved from a coalition government to a full-blooded Conservative one, our ambitious and politically adept chancellor has taken his strategy of milking the pensions system for short-term political capital and revenue generation to new extremes. The Financial Advice Market Review (FAMR), the resale annuity market and the consultation on pension tax relief may have each taken their turn at leading the news agenda, but they are all part of the same pension freedoms revolution, and all play a part in helping both us and the government spend and be taxed today, rather than save for ...

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

Join

 

Already a Professional Adviser member?

Login

More on Retirement

Advisers warn market volatility will threaten retirement plans

Advisers warn market volatility will threaten retirement plans

More than half expect clients to postpone or change plans

Isabel Baxter
clock 26 March 2024 • 2 min read
Perfect timing: How to advise clients on the right time to retire

Perfect timing: How to advise clients on the right time to retire

Striking a balance between health, wealth and personality

Richard Hulbert
clock 05 February 2024 • 4 min read
Baillie Gifford: Enjoying later life without an income from work

Baillie Gifford: Enjoying later life without an income from work

The latest from PA’ Digital Working Lunch webinar series

Professional Adviser
clock 12 December 2023 • 2 min read