The cost of implementing the new high earners' pension tax regime will spiral to £2.5bn - a figure seven times that originally estimated by the Treasury, Standard Life warns.
The revised figure - based on detailed analysis carried out by head of pensions policy John Lawson - dwarfs initial predictions the policy would cost just £345m. Lawson said the February impact ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders