Understanding the Impact of Pension Freedoms 

Our comprehensive report, What's the price of freedom?, delves into the realities of these reforms, debunking common myths and providing valuable insights into the complexities they have brought to retirement planning.

The landscape of retirement has changed dramatically over the past decade. While Pension Freedoms were designed to empower individuals with greater control over their savings, many are left navigating a complex web of choices and potential pitfalls. This new-found freedom doesn’t necessarily lead to the best outcomes, as our evidence shows.

• Debunking Common Myths: The report tackles seven myths about retirement and pensions, providing evidence that things are not always as we expect them to be.
• Data-Driven Insights: Using our own data and wider open-source information, we reveal the truth about how individuals are accessing their pensions and the impact on their long-term financial security.
• The Need for Informed Choices: As the landscape of retirement continues to evolve, we explore whether the industry is adapting to meet the changing needs of scheme members. Are we successfully equipping individuals with the knowledge and tools they need to navigate their financial futures?
• A Call to Action: The report emphasises the importance of bridging the gap between the aspirations of retirees and the reality of their financial situations. Is the price of freedom too high?  We shine the spotlight on where the system is failing our members and propose strategies and solutions to solve these problems.

If you want to understand whether your pension scheme is truly addressing the challenges your members face, this report could help. It provides valuable insights that can help you better support your members in making informed decisions about their retirement savings.

If you have questions or would like to discuss the findings of this report in more detail, please don’t hesitate to get in touch.