Just listened to The Chancellor’s Budget speech - which ended with a completely unexpected, and seemingly massive, change to the pensions legislative landscape.
The main principal seems to be a significant loosening of the restrictions on access to pension savings at retirement age - and in particular the removal of the requirement to buy annuities.
This is such a big change that I will have to work my way through the supporting budget documentation before I comment further.
But one thing is for sure; an already complex pensions landscape is about to get even more confusing!
Best regards
Steve
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