Freeze on lifetime allowance will hurt retirement plans

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Government moves to freeze the pension lifetime allowance at £1.8m between 2010 and 2015 will undermine retirement planning for top earners, providers claim.

The lifetime allowance - introduced under A-Day pension simplification measures - has steadily grown from £1.5m in April 2006 to £1.8m in 2010/11 and was expected to continue. However, the chancell...

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