Healey Faces Investor Fury over Summer of Tax Speculation

UK Pension update as Burnham appointment urged to 'draw a line'

AJ Bell says its call is aimed at preventing speculation from triggering another rush for the exits

Healey faces investor fury over summer of tax speculation

Andy Burnham and John Healey are contending with a growing backlash from investors after another summer of tax speculation looks set to leave financial managers on edge.  The chief executive of one of the UK’s biggest investment platforms, AJ Bell, urged Chancellor Healey to take a more emphatic approach on ruling out tax hikes across certain areas of the UK economy.  In a letter seen by City AM, the platform’s chief executive Michael Summersgil…

AJ Bell urges chancellor to end pension tax speculation

AJ Bell has urged new Chancellor John Healey to commit to a Pension Tax Lock ahead of his first Budget. The investment platform warned that speculation over pension tax changes prompted savers to withdraw an estimated £10bn more than usual from their retirement pots.

New chancellor John Healey urged to prevent repeat of £10 billion pension withdrawal surge with landmark Pension Tax Lock