In response to the pension changes announced by George Osborne in his speech at the Conservative Party Conference todayJanet Morrison, Chief Executive of Independent Age said: 

“Together with the new freedoms being introduced from April 2015, the pension changes announced today represent a welcome reform. However the priority for the typical pensioner, who has a pensions pot of around £25,000, may be getting by on a very modest income rather than leaving a substantial inheritance.”

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