Andrew Tully

Reminded firms that, in practical terms, no cancellation rights exist on PCLS

'Government is stubbornly plodding on with including pensions in IHT'

Move expected to raise £1.5bn annually

Essential we get cross-party support to any changes, rather than get involved in any political ping-pong'

‘They’ve smashed complex pensions and complex IHT together’

Research proposes simpler alternatives

Apathy and lack of advice value understanding also barriers

Scheme-specific lump sum queries

Nucleus urges pensions minister to seek ‘political consensus’ on long-term savings reform.

Withdrawals need to be spent, sheltered or gifted