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One of the Chancellor’s ‘rabbits from his hat’ in this year’s Budget was the Lifetime ISA.
A fifth of Defined Benefit scheme members given free financial advice have left their scheme to access flexible retirement options available through a defined contribution (DC) pot, according to Willis Towers Watson.
Pension Freedom money is increasingly being invested in bricks and mortar - the most popular place to invest for people taking out money from their pension.
The influential Work and Pensions Commitee is to re-open its inquiry into auto-enrolment to assess the affect of the new Lifetime ISA (LISA) on auto-enrolment.
The ABI says that sales of annuities have risen in recent months, according to its latest pension report published one year after the Pension Freedoms.
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