Gosling's Grouse: The dangers of a 'lost generation' in the advice gap

"I am not worried about the tax, it is not like it was my money in the first place. I will pay the tax and then buy a flat in Tenerife, which will keep me going for my retirement".

This is a paraphrased real-life quote from someone I will call a pension freedomer - a new group of people who have taken, or are thinking of taking, 'advantage' of the new pension freedom rules. The People's Pension, a not-for-profit pension provider, State Street and an independent research company called Ignition took a small pool of people who are pension freedomers and followed them during their decision-making process over a nine-month period. This included video diaries, from which the above quote is taken. When I heard it, it made me laugh - almost in a slightly condescending ...