The pace of change in pension reform has been too fast and risky, research by Professional Adviser's sister title Professional Pensions, has suggested.
This week 58% of Pensions Buzz's 149 respondents thought too many people did not understand how their ability to save would be affected by the reforms. Just over half of those surveyed replied the young were being made to pay the price of supporting generous pensions for the old. The industry also rejected the assertion people would have to work until they were 85 before they could retire. A comfortable majority (58%) of the industry think the pace of pension reforms over the past couple of years has been dangerous and happened too quickly. The concerns centred on the introducti...
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