Businesses set to back annual allowance

Outlining the business lobbying organisation's four key recommendations, head of pensions policy Neil Carberry says the annual allowance was "clearly preferable" to Labour's "unworkable approach". Carberry says: "In the forced choice between the two, we'll be backing the annual allowance. Clearly the key issue will be dealing with spikes in accrual, particularly from those with lots of accrual." He added: "Of course, we would prefer full marginal rate tax relief for pension saving a la pre-2009, but the governments been pretty clear that's not going to happen given the fiscal situatio...