Calls grow for pensions minister to establish long-term savings commission

In an open letter to Bell and other decision-makers, Nucleus Financial Platforms called for a long-term savings commission and joined-up action on pensions policy. The letter referenced the "pre and post Budget uncertainty" which has prompted increased member withdrawals from pension savings, in addition to inheritance tax changes affecting retirement funds, the abolition of the lifetime allowance and "ongoing speculation" on individual savings accounts changes. The firm said numerous changes and an "uncertain policy landscape" may have led to saver discouragement with long-term savin...