- Thursday, 9 July 2009The National Association of Pension Funds (NAPF) has criticised the government's changes to tax relief on pension contributions, suggesting they are "totally at odds with incentives to save".
With less people saving, more might find themselves financially insecure in the future and in need of professional debt advice.
Government alterations to the Bill this week saw small changes to the 'anti-forestalling' regime that will take place before the new system is implemented in two years' time.
The NAPF however, has concerns over what the Bill means for savers.
Joanne Segars, chief executive of the NAPF said that the government should adopt a more "flexible approach to more 'irregular' contributions" in order to benefit savers.
She said: "In the current economic downturn, saving today to meet tomorrow's needs is more important than ever. We strongly encourage ministers to listen and engage, reopen the debate and begin the search for more workable solutions than the current proposals."
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