Pension freedoms have helped millions as interest rates rise
Ongoing interest rate rises confirm the value of pension freedoms. Reforms have saved millions of pensioners from locking into record low annuity rates, without inflation protection or spouse cover. As QE comes to an end, annuity rates have already increased as inflation and interest rates have risen. Pension providers have a chance to redesign pensions and move on from one-size-fits-all thinking, with wider investment options and new ways of preserving spending power for later life. Rising rates and inflation…