Question: What impact will the Budget have on people coming up to retirement, and how will it affect how advisers deal with their clients' retirement savings?

Alison Beeston is compliance & communications manager at Bridgewater Equity Release The removal of 40% tax relief on pensions for higher earnings may not only affect those who earn over £150k but might lead to a less supportive approach to pension arrangements for others as well. If the high-earning executives are put off pensions because there is no tax benefit to it, will this lead to those same executives putting less emphasis on providing pensions for the other employees in the firm? A positive from the Budget is that those retiring with small frozen pension pots worth less than £2k...