Pensions reform is a ‘botched DIY job’, says TUC

17 June 2015

Commenting on the announcement by the Chancellor today (Wednesday) that the government is considering a cap on the amount savers are charged to withdraw money from their pensions, TUC General Secretary Frances O’Grady said:

“Pensions freedom is looking increasingly like a botched DIY job. The Chancellor is attempting to shave a bit off here and add a bit there just to make his flagship policy work.

“There were plenty of warnings that rushing in these changes was unwise. We need genuine action to remove unfair fees and charges on all pensions. Piecemeal reform would just be letting savers down.”