Latest Issue
Special Reports
Latest Special Report

The best pensions advice? Check who’s advising you

How new freedoms triggered a proliferation of bad guidance

Image: Pixabay

When does it make sense to give up a guaranteed, inflation-proof income for life and swap it for a lump sum today? On the face of it, recent history suggests the answer for a lot of people is quite often. Over the past four years, around 400,000 people have taken advantage of the “pension freedoms” that came into force in 2015 to cash in “final salary” schemes provided by present or former employers. Tens of billions of pounds have been transferred to so-called “defined contribution” pensions,…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with our newsletter, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

More From Prospect