Warning over pension tax changes

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The Government risks undermining people's confidence in retirement saving if it decides to "fiddle" with the pensions tax system, a pensions trade body has warned.

The National Association of Pension Funds (NAPF) made the warning ahead of Chancellor George Osborne's Autumn Statement next week and also urged him to do more to tackle the "damaging effects" of quantitative easing (QE) on pensions.