Pension freedoms have been in place since April 2015 - how are consumers taking to the greater flexibilities?
Increasing numbers of people are engaging with pensions and the opportunities now available. But are consumers making good choices? Many people are accessing pension pots early only to sit in low-growth cash, rather than staying invested for longer. And too many are failing to take advice.
With the final report from the FCA’s Retirement Outcomes Review due shortly, we ask whether the industry is doing enough to inform and communicate with consumers. How can firms improve support for clients in making these important choices? Our expert panel debates the issues.
Matt Ward, Communications Director, AKG Financial Analytics Ltd
Alastair Black, Head of Financial Planning Propositions, Adviser & Wealth Management Propositions, Standard Life plc
Pete Glancy, Head of Policy, Pensions & Investments, Lloyds Banking Group
Vince Smith-Hughes, Director of Specialist Business Support, Prudential
Chair: Peter Elliott, Head of Marketing Proposition, Workplace DC Pensions, Legal & General