Malcolm McLean predicts politicians will target tax relief in the run-up to next year's general election.
The Chancellor's announcement in this year's Budget that he intended to abolish the effective requirement to buy an annuity and allow defined contribution (DC) members to access all their funds without limits took us all by surprise and was appropriately described as a radical step in the on-going process of pension reform. Coming as it did on the back of other very significant changes such as auto-enrolment and the single-tier state pension it raises the question what else by way of radical reform of our still rather fractious pension system may be in the pipeline. In a period of exp...
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