The government must create financial incentives to use ISAs such as a National Insurance (NI) break, according to Hymans Robertson.
In response to the Workplace Retirement Income Commission's (WRIC) call for evidence, the pensions consultancy said the government must create more flexible retirement saving options including utilising ISAs. WRIC is chaired by former Treasury Select Committee chair Lord McFall (pictured) and closed its call for evidence yeserday. "Giving employees access to short and medium term savings products such as corporate ISAs can encourage more people to save and save earlier," Hymans Robertson said. The consultancy said "regulatory hurdles and ambiguity" surrounding setting up corporate ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes