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<p>The pension freedom reforms are a fundamental change to how people can access their
pension savings. The Government believes it is important to monitor these changes
to understand their effects on the market and consumers. The impact of people’s pension
choice can affect the extent to which they have to contribute to their social care
costs.</p><br /><p>The Department of Health, working with other Government Departments,
assessed the potential effect of the policy on the cost to local authorities of residential
care to be small compared to overall expenditure on residential care.</p>
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