Tax relief reductions have lowered the allure of pensions relative to other savings products, potentially costing the government billions of pounds in lost tax revenue over the long term.
A research paper published by the Office for Budget Responsibility noted while the government has cracked down on tax relief in pensions, it has generally done the opposite with non-pensions savings products....
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point