‘Pension freedom’ – the new provisions will free many retirees from their pensions for the benefit of capitalist sharks and fraudsters!
On 6 April 2015 a much-heralded law came into effect introducing ‘pension liberalisation’. Under standard private pension schemes, a worker and their employer pay regular sums to an insurance company throughout the worker’s employment, building up a ‘pension pot’. On the worker’s retirement, this pot is used to purchase an annuity to produce a regular … [Read more…]