It's retirement, but not as we know it


Nick Elphick asks whether the general public understands what the recent Budget changes mean for them and whether we need a different approach to financial education.

Budget Day and the changes to the pensions system seem a distant memory; we've seen Luis Suarez literally taking a bite out of the Italians, a ‘girl power' cabinet reshuffle and a home nation's Commonwealth Games, and a lot has happened in financial services too! For many, the realities of Osborne's changes are soon going to hit home. We are approaching the half way mark, between when the changes were announced and when they will come into force in April, yet I have been alarmed to see that there are seriously low levels of understanding and knowledge among UK adults about what is going ...

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