and it highlights what pension 'freedom' really is all about. Raising money.
Normally I'd be right up there with a cynical put-down to, but I'm not so sure here. Aside from a philosophical desire to give people a real choice in how they utilize their life-long savings (with emphasis on "their"), there is a massive need to reverse the colossal "zero-pension" trend in this country.
For all sorts of reasons, the overwhelming majority of young earners in today's society don't have a pension (very few of them have property either). This has simply got to be fixed, and whilst today's measures will have virtually no impact on the problem, they are a long-overdue step in the right direction.
Both pension and the property market need massive, and sustained, surgery or this country has no future.