A-Day 'has made pensions worse'

A survey by Investec Private Bank reveals 21% of respondents say the A-day changes, which saw eight pension tax regimes become one, has made the pensions crisis, while 35% say the changes have made no impact whatsoever. In addition, the survey of 215 advisers, conducted by George Street Research on behalf of Investec, reveals just 15% believe the pensions crisis is improving because of A-Day, while 20% think A-Day had no impact but may do in the future. The findings also revealed more than a third - 38% - of financial advisers have seen an increase in pension business since ‘A Day’, with ...