Sipp and platform provider AJ Bell has urged Chancellor Philip Hammond to avoid slashing pension tax relief in the Budget after speculation that the Treasury will need to cut pensions relief to make up for shortfalls in revenue and to curtail the rising cost of pre and post-retirement tax benefits.
The much-vaunted Pensions Dashboard, a project to allow pensionholders to view all their pension savings in one place, will move a step forward next week as developers compete to build potential applications.
A pensions firm has called for the Chancellor to overhaul stamp duty rates for commercial property and says Sipps and SSAS could rejuvenate the high street.
Young workers in their early 20s may face having to work until they are 70 if the Chancellor announces a higher retirement age in his Autumn Statement today.
Hargreaves Lansdown, the Sipp, investment and advice provider, has urged Chancellor George to use his autumn statement on Thursday to tackle systemic failures in converting pension pots into retirement income.
Towers Watson, the consultancy firm, has voiced concern about the impact of the Chancellor's reductions in pension allowances.
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