×
Pensions freedoms: what to do now
26th March 2015
Jonathan Watts-Lay, Director, WEALTH at work comments in HR magazine on the new pension freedoms.
Jonathan Watts-Lay predicts employers will receive calls on 6 April from people who want to take their money out. “What are you going to say?” he asks. “You can’t say: ‘I don’t know’.”
Watts-Lay believes the new rules are a “commercial imperative” for employers to think differently about their pensions strategy. “There are big strategic issues, around areas such as managing risk and liabilities and managing an ageing workforce,” he adds. With many employers trying to manage the risk of their final salary pension schemes, for example, the news that savvy savers may choose to switch and cash in will be “music to the ears of a lot of companies”.
To continue reading please click here.
Links to websites external to those of Wealth at Work Limited (also referred to here as 'we', 'us', 'our' 'ours') will usually contain some content that is not written by us and over which we have no authority and which we do not endorse. Any hyperlinks or references to third party websites are provided for your convenience only. Therefore please be aware that we do not accept responsibility for the content of any third party site(s) except content that is specifically attributed to us or our employees and where we are the authors of such content. Further, we accept no responsibility for any malicious codes (or their consequences) of external sites. Nor do we endorse any organisation or publication to which we link and make no representations about them.