11:21 Wednesday 25th March 2015
BBC Radio Cambridgeshire
PAUL STAINTON: Earlier this month Chancellor George Osbourn revealed new plans to give pensioners greater control of their own finances. Much heralded of course, for everybody stuck in those pensions that you can never get your teeth into, and you never get your hands on your cash. Well the Government’s new pension reforms will come into force on 6th April. They’ve been billed as the most radical changes to the way people take their pensions for at least a century. From April around 320,000 people retiring each year who have defined contribution pension savings will now be able to access them as they see fit. Joining us now is Treasury Minister Andrea Leadsom. She can explain a bit more. Andrea morning.
ANDREA LEADSOM: Morning.
PAUL STAINTON: Just briefly, I think we sort of know what we can and can’t do, but just briefly recap what the changes are for us.
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