Off to see the wizard: Dennis Hall says Osborne's pension changes are smoke and mirrors

Off to see the wizard: Dennis Hall says Osborne's pension revolution is smoke and mirrors

clock

If I hear another government minister say they're doing something for the ‘hard working families of Great Britain', I think I'm going to retch.

I'll also retch if I'm told to ‘look at the Australian model' every time I express doubt over some of Osborne's pension changes. Honestly guys, you'll make me sick! And at the risk of being sick, pretend for a moment that the ‘Australian' pension model resembles a Cherry Bakewell Tart. It has a bucket shaped pastry case filled with jam and sponge, which is then covered with icing, with a cherry popped on the top. Well, Osborne has just tossed you the cherry. And while you're focusing on that, he wants to grab the biggest slice of your pension cake that he can. George wants you to t...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

IHT on pensions to cause 'operational complexity and risk' for providers

IHT on pensions to cause 'operational complexity and risk' for providers

Expected to lead to delays in payments to beneficiaries

Isabel Baxter
clock 31 January 2025 • 3 min read
DB transfer advice slows since FCA's 2020 crackdown

DB transfer advice slows since FCA's 2020 crackdown

Many firms have stopped offering DB advice, regulator finds

Isabel Baxter
clock 30 January 2025 • 2 min read
SSAS and divorce: Everything advisers need to know

SSAS and divorce: Everything advisers need to know

'It's estimated that only 4% of divorces include a pension'

Caitlin Southall
clock 30 January 2025 • 5 min read