Campaign urges govt to extend pension freedom to pre-2015 retirees

According to the ‘Your Pension, Your Choice' campaign, some five million pensioners who retired before April 2015 do not have the same pension freedoms as those who retired after the policy was introduced. Those who retired after the freedoms were able to purchase an annuity, invest in a drawdown account or cash out their entire pot.  However, people who retired before April 2015 were effectively ushered towards buying an annuity unless they met certain criteria. Since its introduction, savers have cashed in £9.2bn from their defined contribution pension pots. In the last parlia...