Ministers will undermine long-term savings if they restrict the use of alternatively secured pensions to small, religious groups, Hargreaves Lansdown warns.
The government is concerned ASPs – introduced under April’s tax changes as an alternative to the compulsory purchase of an annuity – must not become a tax avoidance measure for a wealthy minority. ...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date