The government must make it simpler to transfer long-term savings such as pensions to children and other descendents, the Association of Consulting Actuaries (ACA) said.
It said the inter-generational inequality in pension saving is too wide, as part of its response to the Workplace Retirement Income Commission's (WRIC) call for evidence on improving pension saving. "We applaud the moves made to date but would like to see bolder policies," said Stuart Southall, chairman of the ACA (pictured). "With many commentators highlighting severe and widening inter-generational inequalities, we would suggest that government could usefully consider how inter-generational transfers might be facilitated, not as a means of IHT mitigation, but so as to broaden the ge...
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