The pensions industry recognises the need for change, but thinks the summer Budget spells trouble and ‘ISA pensions' would mean lower retirement incomes, according to PP research.
Treasury ministers are said to be very interested in the potential of workplace ISAs replacing pensions. Jonathan Stapleton asks whether employees would want to use them.
HM Treasury is 'very interested' in the potential of a workplace ISA to replace pensions.
Is the green paper a waste of time?
Industry figures have warned the green paper on pensions tax relief published last week is "not a genuine consultation" as the government has already decided on the outcome.
Lobby group ShareAction has urged policymakers to stop imposing "heavy-handed" regulation after its research has found the UK pensions sector is "creaking".
Helen Morrissey has concerns that current changes to the annual allowance could undermine scheme saving.
HMRC has announced transitional arrangements to align pension input periods with tax years
The Pensions Ombudsman (PO) has rejected a complaint of maladministration against Prudential after it granted a transfer request into a suspicious pension scheme.