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NAO estimate is reasonable

The National Audit Office&#39s findings on the lifetime allowance estimate for pensions is reasonable, says Watson Wyatt head of executive reward consulting John Ball.
Speaking on the NAO&#39s research into the impact of the £1.4m lifetime pensions cap Ball says consulting firm Watson Wyatt has also done research which broadly supports the NAO&#39s findings that some 7,000 to 10,000 people will be affected by the cap, not the 5,000 initially claimed by the Treasury.
However Ball says: “Our research also finds that about 25,000 additional employees may be affected in the future.”

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