Pensions – What did Osborne say again?

Was it just me or did anyone else lose Osborne when he was carrying on about pensions and annuities. In fact, here were his exact words, they make a little more sense when you catch every word: ‘The tax rules around these pensions are a manifestation of a patronising view that pensioners can’t be trusted with their own pension pots. I reject that. People who have worked hard and saved hard all their lives, and done the right thing, should be trusted with their own finances. And that’s precisely what we will now do. Trust the people. Some changes will
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