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.
Minister: We trust people not to 'blow the lot'
People should be trusted not to spend their entire pension pot on retirement, the Pensions Minister has told ITV News' Deputy Political Editor, Chris Ship.
Steve Webb there were "good tax reasons for not blowing the lot", but added it should be down to people's "free choice".
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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.