A shift from an 'EET' to a ‘TEE' tax system could save the government £10bn a year, academic Michael Johnson has said.
Chancellor George Osborne is to publish a green paper seeking feedback on a plan to make "pensions more like ISAs".
Hargreaves Lansdown has agreed to acquire £370m of assets from J.P. Morgan Asset Management for an undisclosed amount, as the latter ceases to offer certain direct investments to individual clients.
HMRC has widened the range of investments available through ISAs to include peer-to-peer lending trusts.
As much as £400bn could be held in 'dinosaur' funds, according to Hargreaves Lansdown, as investor inertia sees cash left languishing in stagnant products.
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The pensions and ISA regimes should be unified as the next logical step in the evolution of UK savings culture, Michael Johnson has said.