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.

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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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