Shifting pension tax relief towards an ISA-centric model will "not simplify anything" and could further discourage saving by demonising older products, Alastair Conway has said.
James Hay's chief executive said while there was some merit in moving to a flat-rate tax relief system the government's recent consultation "missed the point" as perfectly good products already existed....
More than half of people over the age of 55 see financial security as a top priority in retirement, yet a third allocate more time to buying a new car, research from Legal & General (L&G) has found.
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