It’s now five years since the pension industry was shaken up with the introduction of Pension Freedom legislation. Many of the early headlines focused on the likelihood of pensions being cashed in to purchase luxury items, remember the headline "if people do get a Lamborghini, and end up on the state pension, the state is much less concerned about that, and that is their choice."
Pensions can be very complex and therefore it’s perhaps understandable that at the time the press focused on such sensationalist headline grabbing quotes as this.
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