The November edition of Trustnet Magazine, out today, focuses on the impact of pension freedoms, which were introduced two-and-a-half years ago now.
According to Pádraig Floyd, writing in this month’s cover story, it has been something of a missed opportunity for the industry – not only have pension providers failed to offer new products to plug the gap left by plummeting annuity sales, but there has also been a worrying trend of savers pulling their money out at retirement without having the faintest idea of what to do with it.
This latter problem was one that the Pensions Advice Allowance was supposed to address, but as Maggie Williams finds out, stringent rules surrounding its withdrawal have prevented take-up.
John Blowers also highlights some of the major considerations for investors who want to take full responsibility for their retirement income when they enter drawdown, while in this month’s final story on pensions, Anthony Luzio looks at whether passives are a suitable product for this type of investing.
In Trustnet Magazine’s regular columns, Adam Lewis finds out whether all the easy gains in Japan have already been made, Evenlode Income’s Hugh Yarrow names three stocks that streamline their customers’ businesses and Aviva Investors’ Thomas Wells reveals why he is using Baillie Gifford Japan to complement an existing holding in GLG Japan Core Alpha.
As always, Trustnet Magazine is absolutely free: you do not even have to enter any details – simply click here to start reading or here to download the PDF.