Sheriar Bradbury: Did pensions just get exciting?

Did pensions just get exciting?

clock • 3 min read

The Budget reforms are welcome, but will savers' spending desires be too much of a temptation...

Few would argue that changes to pensions in the Chancellor's 2014 Budget were anything less than a political master stroke. With one wave of his red Budget box, George Osborne has empowered savers and pensioners by granting them access to their own money. This in turn will provide a boost to both the economy as well as the tax coffers through those taking advantage of the new rules to access their pension funds and paying 40% or even 45% in tax for the privilege. Kerching. The best part is, these changes didn't cost him a penny and are all beautifully timed to kick in a month befor...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Income

Record-breaking year for annuities as larger pots drive £7.4bn sales

Record-breaking year for annuities as larger pots drive £7.4bn sales

ABI figures for 2025 at highest level since 2014 pensions freedom bombshell

Jenna Brown
clock 12 February 2026 • 3 min read
Annuity rates rose to 7.51% by end of 2025

Annuity rates rose to 7.51% by end of 2025

Rise worth an extra £7,000 to £9,000 in lifetime income for a 65-year-old

Holly Roach
clock 28 January 2026 • 2 min read
L&G joins with HSBC UK in annuity access push

L&G joins with HSBC UK in annuity access push

HSBC customers given direct access to L&G annuity service

Jenna Brown
clock 07 January 2026 • 2 min read