Pensions: New pension threat on the horizon?

Speculation grew in the media today that the Chancellor, George Osborne, is planning yet another change to pension’s legislation which could affect thousands of people’s retirement planning. In his effort to reduce spending and raise additional revenue it seems as though Mr Osborne is once again looking at reducing the tax breaks offered to those people carefully planning for their retirement. Pension contributions attract tax relief, making them an attractive option for investors but costing the Treasury around £20 billion last year, making it an obvious target....