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'More needs to be done' on pension bill

It has been claimed that more work needs to be done on the government's pension bill if it is to make a significant difference in the long-term.According to IFG Financial Services, the bill attempts to please too many people and as a result does not achieve some of the most important aims that it was designed to do.Donna Bradshaw, an independent financial adviser (IFA) with IFG Financial Services, explained: "One of the biggest problems is trying to please all of the people all of the time and it just can’t be done. There are certain decisions that have to be taken that may be not so palatable with some people but would benefit the majority."Commenting on the efficacy of the bill, Ms Bradshaw added that she doubted whether some of the measures that have been taken would have any impact on the demise of final salary pension schemes.

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