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ABI urges fundamental pension reform

The ABI has urged the government to make lasting changes to the pensions landscape in the green paper, due to be unveiled tomorrow.

The association has developed five tests which the industry will use to judge the green paper based on: provision for the self-employed, flexibility, simplicity and choice, incentives, simplification of the tax regime and building awareness and understanding.

ABI director general Mary Francis says: “The government faces one of its biggest challenges – to encourage people to save more and to start saving earlier. To meet this challenge we need a trusted pensions framework.”

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