The retirees trapped by pension freedoms

James Phillips
clock • 5 min read

Freedom and Choice was designed to give savers more options at retirement, but some face a hard decision in order to take advantage. James Phillips explores the difficulties

At a glance Savers in old-style plans may have to give up tax-free protections Rights can be preserved through block transfers Members of smaller schemes face the hardest decision When...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Defined Contribution

SPP issues response to FCA digital pension planning consultation

SPP issues response to FCA digital pension planning consultation

SPP says it broadly supports FCA proposals but criticises ‘overly ambitious’ timeline

Martin Richmond
clock 09 February 2026 • 2 min read
Overseas equity allocations take 'centre stage' in master trust investment strategies

Overseas equity allocations take 'centre stage' in master trust investment strategies

LCP report finds US equities posted strongest performance amid concentration risk fears

Jonathan Stapleton
clock 04 February 2026 • 2 min read
TPR, DWP and FCA publish consultation on VfM framework

TPR, DWP and FCA publish consultation on VfM framework

Consultation will require DC schemes to publish ‘clear data’ on performance, costs and quality of service

Martin Richmond
clock 08 January 2026 • 8 min read
Trustpilot