Pushing the boundaries

The pension industry's relationship with government has always been interesting to say the least. While closer working ties were established in the run up to A-Day, the situations surrounding the use of residential property in SIPPs and the confusion surrounding ASP are both examples where this relationship has ended in frustration. The Government's recent decision not to change tax rules surrounding GAD limits for third way products looks to be another instance where the industry has been left disappointed. Product providers believe that GAD limits are an unnecessary complication for thi...