Suspicious minds: Will the pension revolution change public opinion on advisers?

George Osborne's sweeping pension income reforms have had both immediate and knock-on effects for everyone involved in the pensions industry. Life company share prices nosedived shortly after the 19 March announcement, which allows people to take their full pension pot from April 2015 subject to taxation. Other consequences have seen a raft of redundancies at MGM Advantage, a significant market contraction warning from Legal & General and "rapid adjustments" at Just Retirement. The end consumer has also been left confused as to what to do next. Many providers extended their cooling...