Warning over 'burden' of reformed pensions
The Treasury has dismissed warnings that pensioners could be left at greater risk from 'poor decisions' following the major reforms to retirement savings announced in yesterday's Budget.
DeVere Group slams 'short sighted' pensions changes
Nigel Green, chief executive of one of the world's largest independent financial consultancies, has slammed George Osborne's decision to lift pensions access restrictions, calling it "dangerous," "short sighted" and "ill-conceived".
Mr Green of the deVere Group said after the Budget announcement:
-
Pension reforms based on 'highly uncertain assumptions'
The pension changes announced in the Budget yesterday are a risk and based on "highly uncertain assumptions", according to a think tank.
-
Reforms could leave pensioners at risk, critics warn
Critics warn the major changes to retirement savings could leave pensioners short if they don't make the right decisions.
-
Legal & General boss welcomes Osborne's pensions reform
The annuity provider welcomed the Chancellor's pensions changes despite the firm's share price dropping 8% after the Budget announcement.