Not only did we write personally to Norman Lamont and Peter Lilley - as well as to 60 MPs - before the second reading of the Finance Bill (as a result of which the issues were raised during the debate in the House). We also decided to mount an intensive lobbying campaign throughout the committee stage of the Bill and to make detailed budget submissions in advance of the Autumn Budget further emphasising our concerns about the reduction in tax credits for pension funds.
We have made it abundantly clear, and will continue to do so, that any reduction would reduce the attractiveness of UK equities for pension funds, undermine their
financial position and prejudice their ability to provide adequate pensions.
The National Associaton of
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