Take care with pension reforms

Publication:  Public Finance
Reference:  1 April 2013

The freeing up of pension pots announced in the Budget could have unintended negative consequences for the social care system. These need to be urgently addressed.

The chancellor’s proposed reforms to pension annuities have been widely, if not universally, welcomed as the reactions to James Lloyd’s recent PF post illustrate.

However the impact of the proposals on the government’s plans for changing the way we pay for social care have attracted little comment, and at first glance the government appears to have missed a trick.

Read the full article on pension reforms