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Axa calls for pension tax breaks for the young

Axa is calling for improved tax incentives for young people to increase retirement funding amongst those who do not save.

In its response to the pensions Green Paper Axa also attacks the complexity of the state system that comprises basic state pension, state second pension and Pension Credit.

Axa head of pensions marketing Steve Folkard says: “It is naive to think simplification alone will drive up saving. We would like to see more tax breaks at younger ages to encourage a saving culture.”

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Preparing for the changes to the pensions market

As more and more providers start to reveal their stance on the charge cap and removal of commission and active member discount pricing, we thought it would be worthwhile to look at what these are, and the steps businesses should be taking to prepare for this.

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