Aviva: Redistribute pension tax relief to reward low-earning AE savers

Aviva's head of pension policy said the whole system needed overhauling to make it fairer for low and moderate earners. He said the Chancellor could have used yesterday's Autumn Statement to tackle the issue, however it failed to materialise. He said high earners and members of defined benefit pension schemes currently get the most out of pension tax relief. "It needs to be more fairly distributed," he said. "It is not realistic for more money to be go on tax relief. And I don't think it should be cut any further, bearing in mind the recent level of cuts that too would be unfair. "...