ABI: pension ISAs could slash savings by a sixth in two decades

Kristian Brunt-Seymour
clock • 2 min read

Introducing a pension ISA could dramatically lower savings and reduce the size of the economy over 20 years according to the Association of British Insurers (ABI).

Based on estimates by the National Institute of Economic and Social Research (NIESR), the ABI calculated that switching the current tax relief system to tax exempt exempt (TEE) would cut savings by...

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