Known knowns: What Labour has in store for financial services

The vacuum created by a failure to communicate will quickly be filled with rumour, misrepresentations, drivel and poison This neat quote, from British naval historian and writer, C Northcote Parkinson, sums up the current rumours circulating on changes Labour could make to pensions and savings. Our industry loves a rumour. No impending Budget or Fiscal Statement is allowed to go by without assertions the government is cutting tax-free cash or scrapping pensions tax relief. So, a cash-strapped new government was never going to take the reins without the rumour mill going into overdr...