Savers top-up pensions as Budget cut looms

Ricky Chan, director of IFS Wealth & Pensions, said: "Investors rushing to top up their pensions ahead of the Budget is not something we’ve experienced - after all, this is just speculation (and has been for a while now), and for our clients, additional pension contributions would be part of the ongoing financial planning process done throughout the year.

"I, too, would not like to see the annual allowance slashed and continuous tinkering with pension rules as this discourages people from saving for their long-term future, and penalises those late savers from trying to put their retirement planning back on track."