Industry blasts Labour vow to cut pensions allowances

Labour’s plan to cut the annual and lifetime pensions allowances has been criticised by the industry, finds Natasha Browne

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The pensions industry has hit back at plans by Labour to reduce the annual and lifetime allowances if it gets into power in May.

Experts raised concern that the policy would create further instability and disproportionally affect middle-income earners like nurses, teachers and the self-employed. Last week, Labour party le...

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