Stuck in the advice gap: Will FAMR reach the 'lost' generation?

'The public does not always think rationally, or even sensibly'

clock • 2 min read

Lawrence Gosling assesses the outcome of the FAMR and reckons using pension freedom cash to buy a flat in Tenerife should come with a health warning...

I am not worried about the tax, it is not like it was my money in the first place. I will pay the tax and then buy a flat in Tenerife, which will keep me going for my retirement This is a paraphrased real-life quote from someone I will call a pension freedomer - a new group of people who have taken, or are thinking of taking, 'advantage' of the new pension freedom rules. The People's Pension, a not-for-profit pension provider, State Street and an independent research company called Ignition took a small pool of people who are pension freedomers and followed them during their decisio...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Retirees feel regret after rushing to take out tax-free cash

Retirees feel regret after rushing to take out tax-free cash

Chancellor urged to provide earlier clarity ahead of 2026 budget

Isabel Baxter
clock 02 July 2026 • 3 min read
Third Financial launches white-labelled SIPP

Third Financial launches white-labelled SIPP

Titan Wealth first client to use service

Jenna Brown
clock 29 June 2026 • 1 min read
Environmental due diligence for SIPP/SSAS is as important as ever

Environmental due diligence for SIPP/SSAS is as important as ever

Environmental due diligence isn't just a ‘tick-box'

Caitlin Southall
clock 29 June 2026 • 4 min read