Andy Haldane proposes linking pension tax relief to UK investments

Make pension tax relief only available to savers prepared to invest in UK, Andy Haldane says

British Chambers of Commerce chief calls for ‘home bias’ on retirement savings to close funding gap for SMEs Pension tax relief worth more than £50bn should only be offered to savers who are prepared to invest in Britain, according to Andy Haldane, the president of the British Chambers of Commerce. There should be a “home bias” that directs retirement savings into UK businesses, closing a funding gap that hampers the growth of small- and medium-sized businesses, he said. Continue reading...

By Phillip Inman