KPMG warns of effect of executive pension proposal

12 January 2004
KPMG has claimed that the proposed lifetime limit of £1.4m on pensions could have a more widespread impact on UK business than originally believed, and has suggested that it is likely to affect senior and middle managers as well.

David Fairs, Pensions Partner at KPMG, said, 'These results back up our own concern that the middle management layer of business will be affected by the new rules.'