Osborne urged to forge links with finance industry

Industry figures say a speech by George Osborne, delivered at the British Museum last week, contained some 'encouraging' ideas on improving Britain's savings culture. However, Conservative policy on improving long-term savings is lacking in detail, and Osborne will need to work closely with finance professionals to create a system which works. One of Osborne's headline policies, a change in the age-75 rule, which forces people to buy an annuity or use the heavily-taxable alternatively secured pension (ASP) when they reach 75, is not detailed according to income drawdown providers. ...