Chancellor George Osborne left pensions tax relief alone, introduced a flat-rate state pension and gave a nod to the white paper on long-term care. But what do industry figures think?
Andrew Roberts, chairman of Association of Member Directed Pension Schemes (AMPS): "It was quiet on the pension front. I think most of the industry hoped there wouldn't be any more tinkering and we could have a period of stability in terms of annual allowances, tax relief and tax-free lump sums. Both the industry and consumers prefer long-term are frustrated by continual changing of the rules so a big thumbs up from me. " Ian Hammond, managing director at Rowanmoor Pensions: "Whilst the Chancellor is obviously a man under pressure to raise the Government's pot of available cash, ...
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