Government making an Asp of itself with pension changes

Recent comments from Ed Balls on alternatively secured pensions (Asps) suggest the Government might ...

Recent comments from Ed Balls on alternatively secured pensions (Asps) suggest the Government might be planning another residential property in Sipps-style U-turn to disturb the industry's ease into Christmas. Speaking at an event last week, the Treasury minister said the Government is likely to announce some manner of rule change in the forthcoming pre-Budget report. With issues surrounding restricting Asps to certain religious denominations, this change will either involve scrapping them or introducing punitive tax charges. To be fair to the Treasury, it has always held the line that A...