HMRC's restrictive practices should be cause for concern

By introducing forms of restrictive legislation but permitting some transitional protection for pensions savers as long as they stay in the scheme that they originally entered. This trend, of stating that any protection for pension savers only applies to the scheme in place when the legislation changed, seriously undermines the principle of flexibility in pension saving, which is essential to achieve the best investment performance and is also critical in such a weak economic environment where savers need maximum flexibility to try and protect their capital and safeguard returns. Ther...