Aegon has called for the government to double the tax exemption on employer-arranged pension advice, up from £500 to £1,000.
The provider urged the government to extend the limit on income tax and National Insurance relief for employer-arranged pension advice. This is the amount an employer can spend on pension advice per employee...
The increase in minimum AE contributions has had little impact on opt-out rates - with cessations after April increasing by less than two percentage points, data from The Pensions Regulator (TPR) shows.
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