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Employees need to understand the implications of the pension freedoms.
15th October 2015
Jonathan Watts-Lay, Director, WEALTH at work has appeared in the latest edition of Reward magazine following his attendance as a panellist at the Making Reward Personal event. The debate focussed on financial education and the recent pension freedoms.
During the event Watts-Lay argued that the pension freedoms create many questions around taxation and lifespan estimates which employers aren’t explaining to their employees; “Product proliferation is also creating complexity, so expecting people to work this out on their own will only cause them to make mistakes.”
He concludes; “Employees need advice about what their options are.”
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