Dymott's Digest: Was Budget 2014 the UK's 401k moment?

Was Budget 2014 the UK's 401k moment?

clock

If the US has successfully 'consumerised' retirement, what might Budget 2014 do for UK savers? Fidelity's Ed Dymott ponders Britain's 401k moment...

George Osborne's drive to increase pension freedom and flexibility, combined with auto-enrolment into pensions, has the potential to transform retirement like never before. It has been said a few times, but I really feel this could be the UK's 401k moment. The changes announced last month coupled with those made over the last few years represent the most significant overhaul of the UK retirement system in living memory. The 401k market has transformed the habits of US investors over a generation. Individuals in the US are generally more engaged in their finances and understand t...

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

Govt moves to tackle gender pension gap with LPGS scheme changes

Govt moves to tackle gender pension gap with LPGS scheme changes

Reforms follow consultation on access and fairness in the Local Government Pension Scheme

Jonathan Stapleton
clock 03 February 2026 • 2 min read
Britain's pension ambition is rising - just as cash resilience slips

Britain's pension ambition is rising - just as cash resilience slips

'2026's 'pension resolution' wave is real. But so is the cash-cushion squeeze'

Phillip Wickenden
clock 02 February 2026 • 6 min read
Government again rejects Waspi compensation after review

Government again rejects Waspi compensation after review

DWP: Creation of compensation scheme would be ‘highly impractical’ and ‘time-consuming’

Martin Richmond
clock 29 January 2026 • 3 min read