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Informed Choices

Ensuring that consumers make the right choices about how and when to access their pension pots is a tall order for regulators and advisers. Mike Morrison highlights how the system of information, guidance and advice is evolving.

The public profile of pensions received a shot in the arm in 2015 when the government gave people greater freedom to access their retirement savings, but it was not a panacea for consumer disengagement with pensions.

Instead it means that individuals need more, better-quality information to help safeguard against the consequences of making the wrong retirement decisions.