An independent long-term savings commission is needed to depoliticise key pension policy decisions, AJ Bell has said.
The self-invested personal pension (SIPP) and platform provider said savers were fed up with the uncertainty and constant changes to the rules and regulations around pensions and long-term saving. Andy Bell, chief executive, said policy decisions should be taken out of the hands of politicians. He said: "The financial services industry peddles higher rate tax relief on a buy now while stocks last basis which does no one any favours and is a self-fulfilling prophecy. The greater the scaremongering, the larger the pension contributions, the higher the cost to the Exchequer, the increase...
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