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October pensions supplement: What will follow Osborne’s revolution?

The changes George Osborne announced in this year’s Budget will make for more demanding pensioners

By Aberdeen Asset Management  

In his March Budget, Chancellor George Osborne “dropped a bombshell” on the pensions industry. © TomasSereda

In this year’s Budget, George Osborne, the Chancellor of the Exchequer, announced that the government was making substantial changes to Britain’s pensions system. Under the new rules, pensioners would be able to take the entire contents of their pension pot and invest or spend it as they wished.

In one blow, the Chancellor removed the obligation for pensioners…

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