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Scrap the lifetime limit NAPF warns

The Government should scrap its proposed lifetime limit on pensions savings the National Association of Pension Funds has urged in its response to the Inland Revenue Taxation.

The trade body generally welcomed the Revenue&#39s proposals saying they would remove the need for expensive advice before people would start saving in a pension.

NAPF chief executive Christine Farnish says: “We have urged the Revenue to remove the proposed £1.4m lifetime limit, which threatens to alienate company executives from the occupational pension schemes for which they are responsible.”

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