Higher rate taxpayers who do not pay into a pension scheme are missing out on a collective £225m in tax relief every year, according to data from Prudential.
Providers should be forced to deliver the guidance guarantee if they are to do the right thing by their customers, says Fidelity's head of retirement insight Alan Higham.
The Financial Conduct Authority (FCA) has altered the scope of its retirement income study following the huge changes to annuity rules announced in the Budget.
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More advisers are worried about their clients incurring lifetime allowance (LTA) tax charges, according to retirement wealth platform James Hay Partnership, which saw queries around the upper contribution limit spike in the last quarter.
Confusion surrounding the new pension rules could leave retirees with a large and unexpected tax bill, research suggests.
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