Means tested, likely, yes.. especially for those currently in their early thirties. I think the 2011 WASPI changes were unfair to some ladies; I have little sympathy for those who failed to act on legislation announced in 1995 though, and who now pontificate from their 4 bedroomed leafy David Wilson developments. The new LISA will see the evolution of retirement planning for sure, the biggest concern that I can see is the slow but steady eradication of physical money and the generally, universal policy of financial depression. It was easy for Cyprus to implement draconian financial measures because the way loose money was circulated.
Whilst I'm here, and going off at a tangent, one of my pet gripes has been getting some traction recently. We've got the support of the two most recent pension ministers (although Ros Altmann got slapped down today, by the SoS in commitee) and we got a good spread in lots of quality media recently. It's about those servicemen and women who were made redundant just days, weeks, months from getting an immediate pension a few years back. To its credit, the Forces Pension Society is reviewing its position and might support them after all. Which is nice. Either way, if anyone who tweets can retweet this link below, I'd be very grateful, thank you. I know it might present professional difficulties, so no snags.
https://twitter.com/RAF_IFA/status/727392103647592448
Finally, seeing as we're doing pensions, this is the brand spankers .gov.uk pension tracing service web page. If you've lost a pension, give it a go.
https://www.gov.uk/find-pension-contact-details