UK - Fund managers are urging the government to concentrate on simplifying pension and saving tax proposals and not become distracted by the £1.4m lifetime cap.
The Investment Management Association put forward its view in response to the Treasury’s consultation on “Restoring confidence in long-term saving”.
IMA chief executive Richard Saunders said: “A long-term, coherent and stable structure for financial services would give product providers the scope and freedom to design a new and innovative generation of transparent and flexible products for consumers.”
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers