Whitepaper: Pension simplification to pension complication
The whitepaper discusses:
- How employers are tackling and communicating the reduced lifetime allowance, which now stands at £1 million, some 45% lower than its peak, and the annual allowance, which is now £40,000 – 84% lower than its highest point in 2010.
- Whether financial education is being used to communicate this change and how this is being delivered.
- What employers feel is their responsibility. Is this a personal tax issue or one that they should be acting on?
- What the wider implications are for how businesses handle pensions.
