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New pension flexibility will give the option to anyone retiring from April with defined contribution pension savings to take that money as cash rather than have it tied into a annuity.
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"The new pension flexibilities bring about added choice for consumers," said Christopher Woolard, director of strategy and competition at the FCA.
Some estate agents have reported that new pension flexibilities, which give people aged 55 and over a greater choice over how to spend their retirement pots, have encouraged more retirees to consider investing in buy-to-let properties.
Stephen Lowe at annuity provider Just Retirement also believes in keeping options open: "Test-drive your retirement to keep control over your pension fund and maintain flexibility.
Such preferences are reflected in the growing demand for childcare facilities and greater flexibility in pension arrangements.Success by associationWhat about the people who do not command any kind of premium in the marketplace?
But when we hear about the latter, we hear only about reforms like pension reform and job flexibility.
The report also highlights the issue of the transferability and flexibility of pension rights, which is becoming more and more sensitive with the progressive unification of the labour market, and with the requirement for higher mobility of the workforce.
Also, unlike state pensions, there is no flexibility in these arrangements.
The health secretary indicated that he expects flexibility around pensions to be one way in which costs might be met.
Self-employed workers do not receive sick pay, holiday pay or employer-funded pensions, but enjoy greater flexibility over when and how they work.
He says there should be better financial education available to people, but that with the growth in digital and self-investment and more flexibility in pensions and Isas, individuals must start taking control.
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CEO of Professional Science Editing for Scientists @ prosciediting.com