File photo dated 29/05/08 of a man gardening as the first phase of the Government's pensions revolution has come into force, giving thousands of people greater freedom over how they use their retirement savings. PRESS ASSOCIATION Photo. Issue date: Thursday March 27, 2014. The shake-up means that around 400,000 people will be able to access their pension savings in a more flexible way in the coming financial year. Meanwhile, the Government is also expected to make a further announcement about charges that can eat into pension savings later. Pensions Minister Steve Webb, who has previously promised a
%VIRTUAL-SkimlinksPromo%The first phase of the Government's pensions revolution has come into force, giving thousands of people greater freedom over how they use their retirement savings.
The shake-up means that around 400,000 people will be able to access their pension savings in a more flexible way in the coming financial year.
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