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
The success of auto-enrolment (AE) could be undermined by rising opt-out rates when minimum contributions increase in 2017 and 2018, the Association of Consulting Actuaries (ACA) has warned.
Flat-relief welcomed, EET to TEE rejected
Lawyers have warned that defined benefit (DB) schemes face unnecessary extra VAT charges unless HM Revenue and Customs (HMRC) makes it less complicated for them to reclaim tax.
The ACA’s David Fairs says the latest proposals from politicians will make pensions less attractive