In his Autumn Statement Chancellor George Osborne unveiled a host of measures for the pensions industry, but the cut to the annual and lifetime allowance will have the most immediate impact for trustees and employers.
Despite vigorous industry opposition to any changes, the Chancellor revealed the annual allowance will be reduced to £40,000 and the lifetime allowance will be cut to £1.25m from 2014/15. Truste...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
