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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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DeVere Group slams 'short sighted' pensions changes

Nigel Green, chief executive of one of the world's largest independent financial consultancies, has slammed George Osborne's decision to lift pensions access restrictions, calling it "dangerous," "short sighted" and "ill-conceived".

Mr Green of the deVere Group said after the Budget announcement:

This move to scrap the restrictions is in direct conflict with the spirit and purpose of pensions - which is to provide the individual with an income throughout their retirement.

It’s a depressingly short sighted approach from the Treasury.

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