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

Pension Lab processes more than one million digital LoAs

Pension Lab processes more than one million digital LoAs

Challenge around ‘standards for consistency’

Sophia Panayi
clock 06 November 2026 • 1 min read
DWP, TPR and FCA launch consultation on guided retirement to help 'resurrect' pensions

DWP, TPR and FCA launch consultation on guided retirement to help 'resurrect' pensions

Consultation covers how default pensions should work in practice

Holly Roach
clock 03 November 2026 • 6 min read
Do clients already own the best retirement portfolio?

Do clients already own the best retirement portfolio?

'Feeling safer and being safer aren't the same thing'

Alex Funk
clock 29 October 2026 • 4 min read