The government needs to stop making changes to the pension regime according to Almary Green.
Managing director Carl Lamb says the industry needs a period of continuity as "constant meddling and changing of goal posts is harming both the pensions market and those consumers attempting to save for their retirement." Recent changes include the lifting of NEST restrictions and amendments to the annual and lifetime allowances. "A-Day in 2006 signalled, what we thought, would be the definitive rules for the pensions industry, but in 2014 we will see further changes as the annual allowance and total lifetime allowance are lowered," he says. "These are just the latest in the lo...
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