Budget 2014 - What the changes mean for the industry

The Budget ushered in massive changes in the retirement income space. Helen Morrissey asks what this means for the industry

Helen Morrissey
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When George Osborne promised to deliver a "Budget for savers" he really wasn't kidding as he unveiled the most radical pensions shake up in living memory

From April 2014 retirees going into flexible drawdown will only have to meet a minimum income requirement of £12,000 per year. This is down from £20,000 per year. Capped drawdown users will bene...

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Helen Morrissey
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