Investment Association to Chancellor: Chance to sort out pensions once and for all
Responding to the launch of the government's consultation on pension tax relief today, Daniel Godfrey, Chief Executive of The Investment Association, said:
"This consultation on pension tax relief represents a real chance to sort out pensions once and for all. It comes at a crucial time, with speculation about the cost and distribution of pensions tax relief creating damaging uncertainty.
"Citizens need long-term certainty on pensions to give them the confidence they need to commit their hard-earned savings to the long-term investment needed to provide for their futures. This means stable, simple and easy-to-understand tax incentives for long-term saving that are affordable for the Nation. It also means simple, transparent and value-for-money products to help them succeed in achieving their financial objectives.
"This is why The Investment Association insists on the need for cross-party support and the willingness to be as radical as necessary. If we get this right, we can create stable and effective tax incentives for retirement saving that enable people to save with confidence for their security and comfort in the future."
