The government's statement in the foreword to the defined ambition (DA) consultation paper, that we need more certainty in retirement, is bizarre. Its obsession with guarantees is not shared by those it governs.
As an example, let's just look at the rule that you need guaranteed income of £20,000 to use flexible drawdown. Assuming you qualify for the full state pension, this means you must have alternative...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
