Actuaries call for pension pot early access to boost saving culture

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People should get early access to some of their pension pot to make saving more attractive to younger workers, an actuarial group has said.

The Association of Consulting Actuaries (ACA) said in a seven point pensions manifesto that allowing members access to a portion of their savings after ten years would boost pensions. The organisation's Retirement Income Manifesto, also calls for a pension commission, a review of pensions tax treatment, and an auto-enrolment review within 100 days of the May election. It wants tax breaks for employers that provide retirement advice, an override to let more schemes switch to Consumer Prices Index inflation-linking and incoming retirement flexibilities to be extended to defined benefit....

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