Published On: Tue, Jan 12th, 2021

Pension UK: Changes to kick in next month as inflation bites – impact on retirement | Personal Finance | Finance

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This is to ensure, as much as possible, people are making the right decisions and also will not ‘outlive’ their pension.

Mr Cameron continued: “What’s right for one person may be much less so for another depending on how much income an individual plans to take when, or if they are planning to buy an annuity at a later date. 

“The idea behind investment pathways linked to retirement scenarios, supported by guidance offered by pension providers, is to help reduce the number of individuals who make particularly inappropriate investment choices.

“While investment pathways will offer some help to those who choose to ‘go it alone’, it’s really important to understand that they won’t replace the benefits of taking professional financial advice. 

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