Editor’s Comment: Is a pensions nightmare on the way?

I must confess I always had reservations about the Pension Freedoms when they were introduced by George Osborne in 2015 and the latest FCA figures seem to back up comments I made at the time.

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ABI warns that 1 in 3 entering drawdown failing to get advice

New data from the Association of British Insurers has revealed “alarming” numbers of pension savers entering retirement and pensions drawdown without taking any financial advice.

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Pensions being treated as ‘bank accounts’ as withdrawals soar

The number of pension withdrawals continued to soar in the third quarter of 2018 leading to suggestions that some pensions savers are treating their pensions like bank accounts, tapping them for cash when they need it.

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UK pension savers increasingly choosing phased retirement

British workers are the most likely in Europe to ‘phase’ their retirement by working at least part time past normal pension age, according to a new study.

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