Good pensions advice 'critical'

%VIRTUAL-SkimlinksPromo%Fears have been raised that Chancellor George Osborne's radical shake-up of pensions will encourage some people to burn through their retirement savings and leave them vulnerable to spending their old age in poverty.

But experts also suggested that the moves, which will empower pension savers by giving them a much wider choice of what they do with their nest eggs, will lead to some people shoring up more cash.