As pension freedom approaches its first birthday Mike Morrison assesses seven potential sticking points stemming from the ground-breaking reforms
The impending one-year anniversary of pension freedom is an opportune moment to take a step back and look at some of the behaviour they have resulted in. The freedoms were undoubtedly a progressive development - giving people choice and control over how they access their retirement savings. However, with any changes there can be tempting circumstances that the unscrupulous might seek to benefit from, or where the wrong decision can lead to a poor outcome for the people involved. 1. Not nominating your beneficiaries No excuse for this one because it is easy to avoid but it is...
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