Freedom and Choice in Pensions

    View Author March 2014

    Following the surprise announcements in the Budget, the implications for UK pensions and savings are far reaching. The Chancellor announced a fundamental reform, principally in the way people access their Defined Contribution (“DC”) pension, to provide more freedom and choice. That reform has significant implications for all types of pension arrangement and for personal financial planning.

    In this briefing we highlight the key changes announced, outline the action that should now be considered, and comment on some bigger picture social policy issues in what is becoming a new and different retirement era.