Pension freedoms reform called for after fears savers will run out of money

Holly Roach
clock • 3 min read

Further reforms to pension freedoms are needed to ensure the long-term success and sustainability of pension freedoms, according to the Association of British Insurers (ABI).

The trade association's report - Future Proofing the Freedoms - comes five years after the introduction of freedom and choice and reveals the rate at which over 55s are withdrawing money from their...

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

More on Industry

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

TPT CDC solution, PASA dashboard guidance, £83m buy-in deal

Professional Pensions
clock 14 August 2026 • 1 min read
AMNT calls for mandatory member representation on scheme boards

AMNT calls for mandatory member representation on scheme boards

Body says members’ voices remain ‘almost silent’ in current DC and CDC arrangements

Martin Richmond
clock 13 August 2026 • 3 min read
Taxable pension withdrawals pass £75bn for under-65s

Taxable pension withdrawals pass £75bn for under-65s

Analysis finds 2.4 million have now taken their first taxable payment below the age of 65

Alex Levy
clock 13 August 2026 • 2 min read
Trustpilot