Calls for major changes
Reminded firms that, in practical terms, no cancellation rights exist on PCLS
‘A big mistake to underestimate the impact it will have’
'HMRC has belatedly accepted that the status quo is unacceptable'
Pensioners over-taxed by £1.3bn since 2015
Despite being ‘potentially lucrative’
Close to 2,000 advisers have left the pension transfer market in four years
Chancellor felt ‘forced’ to act as number of people caught increased
A potential big change made ‘through the back door'
Hundreds of thousands dragged into higher paying tax brackets