Treasury pledges 'stability' for pensions in Budget 2014

Speaking at the National Association of Pension Funds' (NAPF) Investment Conference, Alexander (pictured) highlighted the changes that have already been made, including to pensions tax relief. He said: "We made those changes for good reason: to get the country back to paying its way in the world. It's also important that we do that in a way that's fair. "Your industry needs stability and I take that very seriously." The 2012 Autumn Statement saw chancellor George Osborne cut the annual allowance to £40,000 and reduce the lifetime allowance to £1.25m in a bid to save £1bn a year by ...