Siobhan Barrow: What retirement advisers have learned after five years of 'freedom'

George Osborne's baby

clock • 4 min read

Siobhan Barrow assesses the impact of pension freedom after five years of operation. Here she explains what advisers should be asking clients to ensure they get the most out of their retirement during these turbulent times

When pension freedoms were introduced by the government in 2015, they ushered in a new era of choice for customers, promising more control over how people manage their pension funds. Five years on and prompted by the government's recent announcement that the age for accessing pensions freedoms will be raised from 55 to 57 in 2028, many people may now be thinking about how they will want to access their pension pots. Financial advisers can play a key role here in helping people understand their options and prepare for the years ahead. Being honest about pension freedoms Since thei...

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 Income

Retirees flock to annuities as sales rise almost 40% year-on-year

Retirees flock to annuities as sales rise almost 40% year-on-year

Annuity sales up 38.7% to 80,061 in 2023/24

Jenna Brown
clock 26 September 2024 • 2 min read
Annuity comparison demand among advisers continues to rise

Annuity comparison demand among advisers continues to rise

Popularity of annuities returned as rates increased

Jenna Brown
clock 24 September 2024 • 2 min read
Advisers back annuities as sales continue to rise in H1

Advisers back annuities as sales continue to rise in H1

Annuity sales reach £3.6bn in H1 2024, ABI figures show

Jasmine Urquhart
clock 21 August 2024 • 2 min read