Has the Government missed a golden opportunity?

pensions

The new pensions regime was supposed to simplify pensions law but in some areas it has resulted in much greater complications for pensions investors

On 6 April this year the UK pensions industry underwent one of the most anticipated, discussed and controversial legislative changes for decades. The Finance Act 2004 reduced the eight sets of Inland Revenue limits which governed how consumers may invest in occupational schemes or personal pension plans, to just one. But after all the speculation and second guessing which preceded A-Day are the changes fulfilling the Government's promise of greater individual choice and flexibility for investors? Or has the government squandered a golden opportunity by complicating matters further and reinf...