“It is disappointing to see one of the biggest providers not stepping up and implementing the changes” – Which? response to Friends Life not offering flexible drawdown

Which? executive director Richard Lloyd, said:

“The recent pension reforms are a golden opportunity to make the pensions market work in the best interest of consumers. So it is disappointing to see one of the biggest providers not stepping up and implementing the changes. We have been campaigning for better pensions and we now want to see a Government-backed drawdown provider established so everyone can benefit from the new freedoms and access a good value, low cost product.​”

Statement