Savings cap will hinder up to 70,000, says PwC

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UK - Consultants and accountants have accused the government of woefully underestimating the number of people affected by the proposed £1.4m pension savings cap.

The government said only 5000 people would be hit by the cap but accounting giant PricewaterhouseCoopers and Aon Consulting claim the true figure is at least 14 times greater. PwC’s survey of 156 ...

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