Just listening to a Lib Dem pensions spokesman Steve Webb? on Radio 5 and his feeling is that just because some people will fall foul of this change, we shouldn't penalise everyone else and restrict their freedom to spend their cash how they like. How does he square that view with Lib Dem policy of minimum alcohol pricing which effectively affects the freedom of everyone who chooses to drink because a proportion abuse alcohol? Sounds like he believes the 'freedom' to be potentially ripped off or ruined is less of a concern than the freedom to potentially be a binge drinker.
I wonder if he's at all worried that a lot of people who sell their annuities will booze the cash away.