The Budget: Keep calm and carry on

The run-up was calm, with Danny Alexander quoted as saying the Budget would be mindful of the fact the industry has already dealt with much change. From this, I thought it would be a relatively quiet day for pensions.  How wrong I was! The immediate aftermath was unnerving, with insurer share prices taking a battering and concerns that retirees would trade in their pensions for Lamborghinis. However, now the dust has settled, the future could be remarkably bright. The announcements have done much to break down the barriers many people have against pensions savings and retirees have un...