In the first of a new series of regular Money Marketing podcasts, pensions reporter Sam Brodbeck and Fidelity Worldwide Investment retirement director Alan Higham look ahead to next week’s emergency Budget.
The big question is whether the Government will stick to pledges promised before the election at a time when all the signs pointed to another coalition?
Alternatively, will George Osborne take the post-election opportunity to unveil yet more radical reform?
- Pensions tax relief seems destined to be on the chopping block, but new pensions minister Ros Altmann publically criticised the Tory proposals before she took office.
- The pension freedoms have got off to a less auspicious start than the Chancellor would have wanted and the Government is looking for a fall guy – could it force all providers to offer the flexibility, or perhaps scrap the advice requirement?
- And could the proposals for a secondary annuity market be confirmed, or will the controversial plan be quietly shelved?