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.
Annuity providers 'will have to up their game'
The government's pension reforms will force annuity providers to "up their game", meaning "good news for consumers", Pensions Minister Steve Webb says.
Some providers' share prices tumbled following the announcement of the measures, but Mr Webb told ITV News' Deputy Political Editor that such big announcements require confidentiality.
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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.
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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.
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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.