Why a tax relief overhaul is the last thing pensions need

The previous coalition government's foray into substantive changes finished with the "pension freedoms" and suggestion of a secondary market for annuities. It was George Osborne's want that the industry should be creative and innovative in its thinking with the expectation of new products to service an increasingly aware and enthused consumer base. The new Tory government's approach is even more wide-ranging as was demonstrated on 8 July at the Summer Budget and subsequent publication of the consultation on pensions tax relief. Responses are required to the consultation by the end of ...