Chancellor Sets His Sights on Pension Tax Relief

PERSPECTIVES: Pensions tend to make most people’s eyes glaze over but a hefty tax demand is likely to wake them up

Fidelity Worldwide Investment 3 December, 2012 | 5:29PM

This is part of Morningstar's 'Perspectives' series, which features contributions from third parties such as asset managers, academics and investment professionals.

You can almost set your watch by the appearance of the first story of the year warning that the Chancellor is about to raid middle class pension pots. They have appeared ahead of each budget and autumn statement for years now. 

Most years nothing happens except a modest uptick in the amount of money put into retirement savings by people worried that this fantastic incentive is about to get a bit less fantastic. 

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Fidelity Worldwide Investment

Fidelity Worldwide Investment  

is a global leader in asset management, providing investment products and services to individuals and institutions in the UK, continental Europe, the Middle East and Asia Pacific. 

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