Mark Polson: Dafties will be dafties, but we must trust retirees

Dafties will be dafties, but we must trust retirees

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The suggestion of a pensions credit card has been branded 'irresponsible', but denying retirees the freedoms they're being promised is akin to denying a toddler a ball until they've proved they can play with it properly, writes Mark Polson.

Harrumph! That's the sound from the pensions industry and a good part of the advice profession in respect of the idea that pension savers might take their pots and run. And harrumphing turned to apoplexy the other day when some upstarts from a firm called Wise Pensions noised things up with talk of a pensions credit card. I don't know anything about Wise Pensions other than they are part of the Wise Group and they have a name that's asking for trouble if something goes wrong. But I do know a guy called Steve Bee (@pensionsguru) who I used to work with at a company called Scottis...

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