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Radical pension reforms could significantly boost the pension savings of the majority of earners, but at the cost of substantial losses to high earners and major disruption to the industry, a report concluded.
A co-founder of a leading Sipps firm says the FCA is looking to the sector to become smaller but formed of well-run, financially strong operators.
Sipp contributions more than trebled compared to the previous year, Fidelity International’s pension inflow figures showed.
Sipp firm: Doubts over tax relief cost Treasury £billions
I try to avoid speculating on the outcomes of the Budget. However as this year’s fast approaches one can’t help but take a great deal of interest on the various views being expressed on what will be the aftermath of the Green Paper – Strengthening the incentive to save: a consultation on pension tax relief. So I think this time I will take a punt.
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