Claire Trott: My Pension Freedom concerns

As we head towards another Budget and tax year end, we are yet again considering the impact that the Pension Freedoms are having on those retiring now and in the future.

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1 in 5 in the dark about their pensions

Nearly 1 in 5 people (19%) never access information about their pensions, according to a survey by Populus for the ABI.

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Pension Freedom users risk cash running out - ABI

 

The Association of British Insurers has warned that five years on from the Pension Freedoms ‘revolution’ many pension savers are taking too much money out of their pension pot and face running out of cash.

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Industry backs MAPS plan to improve UK’s financial wellbeing

A number of influential bodies and organisations have backed a new government-supported 10-year strategy to improve financial wellbeing for millions.

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