January looks set to get off to a gloomy start: it seems like every day we hear fresh stories of the country’s economic woes and many of us are feeling the pinch. So what are the big financial changes planned for 2012?
Savers aged 60 and over with less than £2,000 in a personal pension pot will be able to take their whole pension as a lump sum, the government has confirmed in the draft Finance Bill.