While it may be too early to gauge the true success of pensions freedom, there are four issues the next government will need to address, according to a panel at this year's Morningstar investment conference...
Made up of Hargreaves Lansdown head of retirement Tom McPhail, Royal London director of policy Steve Webb and Tax Incentivised Savings Association (TISA) deputy chairman Tony Stenning, the panel debated the successes and shortcomings of former chancellor George Osborne's pension reforms. First announced in the 2014 Budget and implemented the following year, the reforms allowed all savers to flexibly access their pension savings from age 55. While the panel identified a number of benefits, it gave four areas the new government will need to tackle following the General Election on 8 Jun...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes