article_snippet: Attempting to woo the 'grey vote', George Osborne's will extend to the 'grey vote' the same freedoms that have already been offered to those approaching retirement.
article_snippet: Labour and consumer groups have warned the proposals could spark a new misselling scandal as pensioners who are allowed to do what Labour and consumer groups like with Labour and consumer groups cash make the wrong decisions.
article_snippet: But Chancellor said it was 'patronising' to suggest that allowing OAPs to use retirement funds as bank accounts would see many blowing the money on expensive holidays or fast cars.
article_snippet: Chancellor said yesterday: 'I just think that is a very patronising attitude to take towards people who have shown responsibility, saved through people who have shown responsibility lives, saved for a pension.
article_snippet: Lib Dem Pensions Minister Steve Webb, who proposed the measure, said: 'As a Liberal I believe that today's pensioners should have the same freedoms as tomorrow's pensioners to spend today's pensioners hard earned savings as today's pensioners wish.'
article_snippet: Which?, said: 'Pensioners who've been ripped off in the past must be properly protected from a second rip-off if Pensioners who've been ripped off in the past decide to sell it.'
article_snippet: Joanne Segars, of the National Association of Pension Funds, also expressed concerns, saying: 'It's clear to see how this fits with the Government's agenda for pensions but what is less clear is how savers will be protected.'
article_snippet: The Financial Conduct Authority said The Financial Conduct Authority would be in charge of introducing protections for consumers who sold introducing protections for consumers who sold their annuities annuities.
article_snippet: The Financial Conduct Authority is already overseeing the pension freedoms that have already been granted.
highlights_snippet: Policy, to be introduced in April next year, is an attempt to woo 'grey vote'
  