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

Exploring pensions outsourcing as a route to unlocking efficiencies

Exploring pensions outsourcing as a route to unlocking efficiencies

'Unlocks the potential for iterative improvement'

Julia Fintz
clock 24 December 2024 • 7 min read
Government confirms no compensation for WASPI women over state pension age changes

Government confirms no compensation for WASPI women over state pension age changes

DWP finds communication delays did not amount to financial loss

Martin Richmond
clock 17 December 2024 • 4 min read
Chancellor's move to pause Pensions Review 'deeply disappointing'

Chancellor's move to pause Pensions Review 'deeply disappointing'

Rachel Reeves has reportedly pressed indefinitely paused the review

Jenna Brown
clock 16 December 2024 • 3 min read