The cut in pensions tax relief has reduced the proportion of FTSE250 executives who rely on defined contribution (DC) provision only, according to LCP.
Its annual FTSE250 Executive Pensions Survey showed just 28% of executives relied solely on DC, compared to 33% in 2012 and 41% in 2010. Annual allowance was cut from £255,000 to £50,000 in 2011...
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