The Dangers of Pension Freedoms

Editor's Views: Shunning professional advice in retirement can be a costly business, and are we an algorithm away from the Terminator? 

Holly Black 27 September, 2019 | 10:39AM

editor

The introduction of pension freedoms in 2015 was a great thing – of course people should have the flexibility and power to choose what they do with their savings at retirement. But it was also an incredibly risky financial experiment.

The Risks of Going Solo

Just because someone can choose what to do with their money, it doesn’t mean they necessarily have the time, inclination or skill to make the right choice. That much was clear from the Financial Conduct Authority’s figures this week, which showed what people have been doing with their pension pots over the past year.

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About Author

Holly Black  is Senior Editor, Morningstar.co.uk

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