Hargreaves Lansdown vents pension tax relief anger

The firm says the "reckless" move, which reports suggest will form a key part of this week's Budget, would "undermine consumer confidence in pensions". It follows criticism this morning from the Association of British Insurers (ABI), which dubbed the proposals "entirely wrong" and "a direct attack on middle Britain". Speculation has been mounting over the weekend Chancellor Alistair Darling will announce the measure - which reports say could raise up to £7bn a year for the Treasury - on Wednesday. "UK pension provision is in a fragile state and withdrawing higher rate tax relief would...