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A Sipps administrator has expressed disappointment that the lifetime allowance is to be cut from £1,250,000 to £1m.
I write this aware that this is truly a 'First World Problem', so to speak, but political risk is a huge concern for those currently involved in pension planning.
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Dangers lie ahead for consumers under plans for the re-selling of existing annuity contracts, a Sipps firm has warned.
At the time of writing the new pensions landscape is less than four weeks away. And yet quite remarkably no-one seems able to predict with any confidence just how pension savers will respond.
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The final Budget of this Parliament may feature plans which could lead to a new market in second-hand annuities.
Liberty Sipp has snapped up a sales manager from Talbot and Muir.
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