Adviser poll predicts widespread pension contribution hikes

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Pension contributions are likely to increase following the Chancellor's sweeping retirement income changes announced in the Budget, advisers predict.

A poll of 130 financial advisers showed almost 90% thought people nearing retirement would increase their contributions or were likely to. Some 86% of advisers also thought clients further away from retirement would do the same. Elsewhere, the survey from Quilter Cheviot Investment Management, showed advisers think employers should pay for advice for members of occupational pension schemes. Just over 60% thought the employer should pay, 20% thought members should be charged and 18% thought the money should come from the scheme itself. The poll also revealed self-invested personal pe...

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