Pensions minister Steve Webb said he was "astonished" when he learned of a claim by a former senior government adviser that the pension reforms were designed chiefly to bring forward the Treasury's tax income.
Speaking to Professional Adviser, Webb described the suggestion voiced by former government actuary Chris Daykin as "nonsense". "[The reforms are] about freedom, which were made possible by state pension...
Equates to seven million people
Beware ‘sting in the tail’
Still 66% women in lower quartile
Led by Aberdeen Standard Investments
Introducing admin fee