What is the real reason for pension reforms?

11 July 2014

A former senior government pensions adviser has clashed with the Treasury over the real reason for its Budgetretirement reforms.

Chris Daykin, who was Chief Actuary for nearly 20 years, is quoted as saying that the reforms recently announced by the Government are more about increasing the tax take than giving pensioners more control over their money. The report goes on to mention that the Treasury rejects this analysis.