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

VfM will be 'core' driver of better member outcomes, TPR says

VfM will be 'core' driver of better member outcomes, TPR says

Regulator says trustees cannot afford to stand still amid push towards consolidation in DC

Martin Richmond
clock 18 June 2026 • 2 min read
Partner Insight: From policy ambition to practical capital - the value of listed infrastructure investment companies

Partner Insight: From policy ambition to practical capital - the value of listed infrastructure investment companies

Minesh Shah, Managing Director, The Renewables Infrastructure Group
clock 16 June 2026 • 5 min read
PPI launches 2026 DC asset allocation survey

PPI launches 2026 DC asset allocation survey

Survey will inform the institute’s 2026 DC Future Book report

Martin Richmond
clock 15 June 2026 • 2 min read
Trustpilot