A theory currently doing the rounds is that the political carnage created in the aftermath of the EU referendum could actually benefit UK pensions policy, writes Tom Selby.
Most in the financial services sector agree pensions have suffered as a result of incessant tinkering by successive governments since A-Day and supposed ‘simplification' in 2006. Former chancellor George Osborne had a particular fondness for tweaking retirement savings allowances during his tenure in Number 11, overseeing a series of cuts to both the annual and lifetime allowances. This trend continued after the 2015 general election with the introduction of a tapered annual allowance for those earning above £150,000 and a new £10,000 money purchase annual allowance - subsequently cut...
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