Rowanmoor Pensions responds to 2011 Budget

Responding to today’s Budget announcement, Robert Graves, Head of Pensions Technical Services at Rowanmoor Pensions, and Chairman of the Association of Member-Directed Pension Schemes said:

“The lack of pension detail in today’s Budget was conspicuous through its absence and what little detail there was had already been much discussed by the industry. However, there are some occasions when less is more – and this is one of them as we should be pleased there have been no more changes announced.

“We will await with interest the consultation on amalgamating income tax and NI and early access to pensions, but for now there is little for the industry to digest that wasn’t already in the public domain.”