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

Mobius launches asset manager subscription service

Mobius launches asset manager subscription service

Service will provide access to £33bn in assets and more than 600 pension and wealth clients

Jonathan Stapleton
clock 01 June 2026 • 2 min read
Nest convenes member assembly to help shape investment decisions

Nest convenes member assembly to help shape investment decisions

Paul Todd says the future of pensions should be shaped by those who rely on them

Paul Todd
clock 21 May 2026 • 4 min read
Standard Life extends Sharia proposition with lifestyle strategy launch

Standard Life extends Sharia proposition with lifestyle strategy launch

Move comes in partnership with HSBC Asset Management and Franklin Templeton

Jonathan Stapleton
clock 18 May 2026 • 3 min read
Trustpilot