A-Day boon for rich

That view is the conclusion of research the consultant has done into the UK pensions industry and the affects of simplification. The benefits will accrue from the simple fact that simplification will make it easier to make payments into pensions, invest in them, and withdraw benefits. Of course, the intention is for this to apply to all who are looking to pensions as a way to engage in long-term savings, but Datamonitor says these benefits will be particularly beneficial for wealthier people. It estimates investments in Sipps by wealthy customers could increase from £1.4bn in 2004 ...