Reforms 'will raise annuities cost'

Press Association
Updated
Chancellor of the Exchequer George Osborne watches a trainee lay a block during a visit to a Barratt Homes building site in Nuneaton, the day after he said in his annual budget that the government would extend the equity loan portion of the Help to Buy scheme for four years longer than planned to 2020, a move he said would deliver 120,000 new homes.

%VIRTUAL-SkimlinksPromo%Pensioners could be "priced out" of buying an annuity as a result of the radical reforms to retirement savings announced in the Budget, a respected economic think tank has warned.

George Osborne made incentives for savers and pensioners the centrepiece of his Budget statement.

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