This is a news story, published by MSN, that relates primarily to Labour news.
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pension savingsTelegraph
•72% Informative
Labour has always been lukewarm on letting pensioners do what they want with their savings.
But experts believe Labour could be about to take some of these freedoms away.
Labour cautiously accepted reforms when they were announced in 2014 .
Total value of pensions accessed flexibly known as “drawdown’ since the freedoms were introduced has hit 72.2bn.
Tax-free cash lump sum is likely to come under pressure the Tory Government has already crossed the Rubicon by freezing it.
Analysis for Telegraph Money by Quilter found that the typical retiree stands to lose 18,000 if Labour abolishes the lump sum.
Average retirement pot for savers aged 65 to 74 is 260,500 , according to the latest Office for National Statistics figures.
VR Score
72
Informative language
67
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55
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English
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39
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