In the midst of the flurry of activity from the coalition, finding a genuine 'positive' has been truly difficult but it has finally happened. This Blog will always 'give credit where credit is due' - irrespective of the source:'As part of the biggest shake-up in pensions for a generation, the Government yesterday revealed its plans to scrap laws that force all pensioners to buy an annual income with their savings - known as an annuity.
Instead, from April, once they retire they will be able to dip in to their pension pot.'
The present annuity system is iniquitous; a wrong has been righted; benefits to pensioners with private pensions will be tangible!
I suppose that it all goes to prove that even muppets can't get it wrong all of the time.
Read more: http://www.dailymail.co.uk/news/article-1295049/Pensions-treated-cash-machines-biggest-rule-changes-generation.html#ixzz0todRDt5V
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