"The Isa market is so competitive price wise and workplace Isas aren’t any cheaper than the rest. It’s unclear whether this will be an attractive proposal for employers, unless there’s a tax break on Isa contribution."
Martin Tilley, director of technical services at Dentons Pension Management said: "Michael Johnson has been calling for a radical realignment of savings incentives since his paper from November 2012 and the scrapping of tax relief since the CPS statement of April 2014.
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"There is no denying we have some fundamental issues to address when encouraging people to engage with pensions, but I am not convinced that the move from EET to TEE will present a more understandable proposition."
rosie.quigley@ft.com
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