UK financial services group cuts pension liabilities 10% in 6 months Unprecedented drop at unnamed

Interesting article that many are cashing in the final salary pensions. Until the new pension freedoms people remained within their final salary pension and took benefits as per the pension rules with the underpins that final salary schemes offer. The question is, are people jumping out for the option of cash and what impact is this having in both the short and long term need for income:

Article Financial Times 19/06/2017

Read the full article here

https://www.ft.com/content/d361a942-4f88-11e7-bfb8-997009366969?mhq5j=e3