Pensions, savings and investments

Business organisations have reacted with disappointment to news that the government is proposing to remove the default retirement age.

The government is planning to accelerate moves to raise the state pension age for men to 66 as part of a major overhaul of the pensions system.

Business groups have given a largely positive reaction to the emergency Budget.

Not for a political generation or two has a Budget generated such intense interest. Pre-announcements by the Coalition Government had prepared everyone for large-scale changes to the tax system and for deep public spending cuts.

Several aspects of the pensions system are to come under review as a result of announcements made in the Budget.

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