Pensions freedom: 'Critical' pieces of jigsaw missing, says ABI

Carmen Reichman
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The Association of British Insurers (ABI) has called on the industry to fully support upcoming pension changes but warned "critical pieces of the jigsaw are still missing and will not be in place in time".

Speaking at the ABI Retirement Conference on 25 February, director general Huw Evans raised concerns about the government's delivery of the pension reforms, saying it had not done enough to ensure the reforms have a "flying start" when they go live on 6 April. He called on the industry to avoid playing "any form of blame game" and instead commit to a "best endeavours beginning", helping each other with constructive comment where needed. The government has been reforming the pension system over the last year to give savers access to a wider range of choices in retirement, including inc...

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