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A pension crisis is brewing

19 March 2024

5:00 PM

19 March 2024

5:00 PM

Ten years ago, George Osborne blew up the British private pension system. Because pensions are boring and complicated and move slowly, a lot of people didn’t really notice. But the shrapnel from the blast continues to ricochet today and is starting to hit.

Chancellor Osborne’s Budget on 19 March 2014 contained the surprise announcement of ‘pension freedoms’.

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