Nucleus: Pension tax tinkering must end to restore consumer trust

Platform wants independent long-term savings commission

Jenna Brown
clock • 1 min read

Nucleus has again called on politicians across the political spectrum to set up an independent long-term savings commission to address chronic under-saving.

In an open letter, the platform urged pension minister Paul Maynard and Labour shadow minister for pensions Gill Furniss to agree on a consistent pension and savings policy to boost retirement savings. It also called on the government to stop the "constant tinkering to pension tax rules" which it said was deterring people from engaging with the system. Nucleus said the "pension legislation merry-go-round" had further eroded trust in pensions and while auto-enrolment had significantly boosted the numbers of savers the amounts being put away would not provide a comfortable retirement. ...

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