Warning independent pension advice lacking for blue chip employees

The annual allowance (AA) on pension contributions will fall from £255,000 to £50,000 in April, which could land some high-earners and members of final salary pension schemes with high tax charges. Big Four accountancy firm PwC warns 63% of blue chip employers, including 23 FTSE 100 firms, will not provide independent financial advice to staff affected by the changes to pensions tax. However, 91% will provide employees with choices on how to manage their pension tax efficiently. "Some employees are being asked to choose between the benefits of a final salary pension scheme or optin...