Peter Hopkins: Pension freedom and flexibility for the DC generation

In my previous article, I looked at why the money purchase annual allowance (MPAA) was potentially necessary and touched briefly on the pension freedoms and added flexibility. In this piece I want to look at how the pension freedoms have allowed greater flexibility for those with modest savings who, pre-April 2015, may have found themselves with a not very sizeable pension.  Prior to April 2015, a pension pot of £30,000 may have provided £1,500 a year or £1,000 if indexed. Before and after But let's think about what choices that gave. If the holder was working and was not in rece...