Tenet and 2plan CEOs attack Lib Dem pension plans

In an open letter, Chris Smallwood, chief executive at national IFA 2plan, and Simon Hudson, CEO at IFA support group Tenet, branded the party's plans to restrict tax relief on pensions to the 20% basic rate of income tax "ill-judged and irresponsible". Smallwood and Hudson were joined as signatories by AWD Chase de Vere director Martyn Laverick, Asset Management IFA founder and director Richard Carne, and Bottriell Adams partner Gary Bottriell. In the letter to the Sunday Telegraph, the senior figures poured scorn on the Lib Dems' proposals, saying they would also hurt those on low...