Freeing the future - market impacts of the pension freedom reforms

Freeing the future

Pensions reform has been heralded as “the biggest and most exciting change to our pensions system for a century”, affecting society, individuals and their families as well as pension schemes and providers. We have spoken to over 40 industry leaders including banks, insurers and key political architects, to gather their views on the impact of pension freedoms.



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Freeing the future

Our report, supported by the Association of British Insurers, explores the pension freedoms and their place in the pensions landscape from the perspectives of three critical stakeholders: customers, the industry and the government.

Key findings:

  • Pensions have been brought to the forefront and emphasised the need to save for retirement
  • The pensions industry went to great lengths to respond to the reforms in the timelines provided
  • Minimal progress has been made on the innovation that is likely needed to help consumers take advantage of freedoms
  • Regulatory pressures are huge and have consumed a significant amount of finite industry resource.

The pensions market is approaching a tipping point. Whatever the outcomes of the multiple pension reforms, it is clear that tomorrow’s pensions environment will be substantially different.

Download our full Freeing the future report on the impact of pension reforms.


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