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Budget 2014: Paul Lewis on pension and annuity changes

20 March 2014 Last updated at 13:59 GMT

The insurance industry would be meeting "to try to find other ways of taking money off people", said the financial journalist and broadcaster Paul Lewis.

He was speaking to Andrew Neil on the Daily Politics about changes in annuities announced in Wednesday's Budget, and warned that even the very prudent could run out of money if they lived until their 90s.

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