ACA

The freedom and choice agenda has shaken up pensions but there are concerns it is increasing inequality. Michael Klimes finds out why

The Association of Consulting Actuaries (ACA) has elected Bob Scott, senior partner at Lane, Clark and Peacock (LCP), as its new chairman.

The Chancellor's lifetime ISA (LISA) threatens to obstruct pension saving down the income scale according to Association of Consulting Actuaries chairman David Fairs.

The biggest stories on PP this week were warnings that decent retirement could mean working until age 85, and the risks to members from pooling the Local Government Pension Scheme (LGPS).

As tax relief reductions forces high earners to leave schemes, further reform could severely damage pensions.

Royal London director of policy Steve Webb is to warn of the dangers of implementing a pensions ISA, describing it as George Osborne's "Gordon Brown moment."

This week concerns escalated over the impact of expected tax relief reforms amid revelations that reductions in recent years have already forced higher earners to leave schemes.

Changes to pension tax relief in recent years have already caused schemes to lose members on higher incomes, according to research from the Association of Consulting Actuaries (ACA).

A number of firms and bodies have given their support to the revised Incentive Exercises Code which has been updated in light of the pension freedoms.

ACA chairman David Fairs says any change to tax relief must be well thought out, long-lasting, and encourage people to save