Comment: All bets are off on pensions

Comment: All bets are off on pensions
 

LEADING life and pensions companies, as well as lobby groups and think-tanks, seem pretty divided on George Osborne's reforms to the retirement savings industry. In his last Budget, the Chancellor announced he was to abolish the requirement for pensioners to take out annuities that guaranteed an income - if often not always a glittering one - for life.
Instead, in changes kicking in this April, 55 year olds will be able to take out their pension pots and do whatever they choose with them, whether that be prudent pension provision, salting some away for a disadvantaged Generation Y, or... read more

 
21 February 2015 in Business, Views: 39
Source: Scotsman
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