Ask The Expert: Mike Morrison, AXA Wealth

One of the things that I have learnt during my career is that the subject of pensions is always being debated. It can also be an easy target, particularly when there is a need to raise a bit of extra tax. Over the years, there have been a lot of individual pieces of pension legislation that were conceived with the best of intentions but which have not worked in the ‘bigger picture' or which have been superseded by the effect of later pieces of legislation. We only have to remember Robert Maxwell and the following Pensions Act which had the right motives but was responsible for some of th...