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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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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