Advisers wary as investors pile into pensions before Budget

The Chancellor is under pressure to reverse a planned cut in tax relief on pension contributions for high earners which would give them only basic-rate tax relief. From next April, tax relief is due to be clawed back once earnings top £150,000 and removed completely for those earning £180,000 or more. Prudential, the UK's biggest pension provider, says it has seen a significant increase in the number of people moving lump sums of new cash into their pensions in recent weeks. A spokesperson says: "We believe people are thinking they'll guarantee the tax relief on their contribution...