Published On: Mon, Aug 24th, 2020

Pension UK: Savers could be left worse off by new reforms | Personal Finance | Finance

This, then, could prove of concern to defined benefit pension members, according to the organisation. 

Such proposals being implemented could also affect people with life insurance and pension policyholders.

The consultation closed at the end of last week, where the options available were discussed.

The process was extended due to the COVID-19 crisis, as it was scheduled to end on April 22.

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