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Statement from the Pensions Minister Steve Webb on the government's pensions strategy

20 March 2014 Last updated at 12:20 GMT

The Pensions Minister Steve Webb is giving a statement to the House of Commons on the government's pensions strategy.

In Wednesday's budget the chancellor George Osborne outlined a new Pensioner Bond savings scheme to be available from January 2015 to all people over 65.

He also announced that all tax restrictions on access to pension pots will be removed, ending the requirement to buy an annuity.