Pensions - Articles - Further pension reform must not be political football

 Further pension reform must not be a political football ahead of the general election

  

 With a flurry of changes to pensions next year, Portal Financial, one of the UK's leading retirement specialists, is calling for pensions not to become a political issue ahead of the general election by urging politicians to make no further changes.

  

 Since the March Budget, there have been significant changes to pensions and these have left a large number of people confused about the options available to them. Portal Financial argues that the government's next step needs to be clarifying the choices people will have, including emphasising the guidance guarantee and importance of regulated advice, not introducing further changes for political gain ahead of the general election.

  

 Jamie Smith-Thompson, managing director at Portal Financial, says:

  

 "2014 has been one of the most significant years for pensions and we welcome the flexibilities that have been provided. However, since the reforms were announced we have received enquiries from a lot of people who are unsure what the changes mean for them. We are imploring the politicians not to make further pension reform part of their election manifesto as this will create further and unnecessary confusion with the majority of the general public.”