Almost half of respondents thought that getting rid of compulsory annuitisation would increase the threat of liberation fraud. Just over a third rejected the idea, however, and many claimed that the move had legalised liberation.
"Pension Freedom (Day) and pension liberation are surely synonymous," said another critic. "As any theologian will tell you, giving people freedom means giving them freedom to do the wrong thing." ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders