What a Big Shift in Pensions Risk Means For You
A drive for ever-bigger workplace pension schemes risks concentrating too much power in a few hands
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Welcome to the award-winning Money Distilled newsletter. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.
Lots of government policies relating to pensions are bad. Constantly changing the level of savings allowances; radically altering the inheritance tax status after waiting just long enough for everyone to have already incorporated it into their legacy planning; playing “will they, won’t they” with higher-rate tax relief at every budget — I could go on.