Defined contribution (DC) and defined benefit (DB) tax relief regimes should be separated and certain controls scrapped for some savers, AJ Bell has said.
The current way tax relief in both DC and DB pensions is controlled by annual and lifetime allowances (LTA) does not make sense, technical resources manager Gareth James said. For instance, he questioned...
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Retail investors set to be restricted initially
The fact that emotions can so significantly impact investment decisions means the issue is becoming ever more important for advisers