Two in three still confused by pension freedom rules
This pension freedoms confusion was highlighted in research released by Prudential on 6 April – three years after the pension freedoms were first introduced.
The freedoms give everyone aged 55-plus flexibility on how to use their defined contribution pension funds.
However, nearly two out of three (64%) over-55s said they are confused by the regulations and the overwhelming majority (82%) said they want an end to any further government changes to pension rules.
More than one in three (42%) said they are concerned about running out of money during retirement, while 41% worry about paying for long-term care. Please link to International Adviser to read the full article by Tom Carnegie.