Pensions reform "will lead to alternative products take-up"

Removal of tax-free cash and marginal relief benefits could work against Government take-up of pensions, because it might policyholders to cancel their existing plans, says IFA Grosvenor House Group. Comments from Paul Cadde, chief executive of Grosvenor House Group, come ahead of the DWP's Green Paper and the Inland Revenue's tax simplication review, both of which are expected to be published within the next two weeks. "Even if the rumours of tax changes prove unfounded, in the meantime many clients will have read articles discussing the prospect. This is likely to effect their ...