Pensioners are still being prevented from harnessing the full potential of “pension freedoms”, three years after the launch of the reforms.
Hundreds of thousands of people have enjoyed the liberalisation of the pensions system, but the Government, financial watchdogs and pension companies themselves have frustrated savers.
On the third anniversary of the reforms we have more data than ever on how ordinary people are using the freedoms.
1,000 days of pension freedoms – what are people doing?
Former chancellor George Osborne unveiled the shock changes in the 2014 Budget and they came into force in April 2015. Since then, those over 55 have been able to spend their pension savings however they...