Aegon demands a second A-Day

Speaking at the ABI's Annual Savings Conference: 'Living Longer, Living Better', Otto Thoresen, chief executive of Aegon UK, has asked for a fresh simplification of tax rules for pensions following the changes implemented in A-Day in April 2006. "We should have a second A-day for retirement, to change the rules this time not for those who are saving for retirement, but for those who, having retired, are investing to fund their retirement," he says. According to Thoresen, a new A-Day should ensure regulation is in place to aid adequate provision in retirement for pensioners, in the face ...