Not only that what about pensions? I've just heard o sky news that you can now decide what YOU want to do with you pension. This has come a little to late!
My wife alongside her normal superannuated pension had invested 30years in avc (additional voluntary contributions) on the understanding she could take whatever she wanted. Roll on 2010 and georgie boy changed the rules- any additional savings had to be invested in an annuity, no ifs no buts. So after lots of investigating she put 30 years of avc's into an annuity in january and gets a paltry £72 a month return on it.
Now what has he done? abandoned the must have annuity, you can have it all as cash if you want! 30 years of cash would have been better to her than 72quid a month. Its just fortunate that with both our superannuated pensions we don't actually have to rely on that £72!
