It is possible we could see a reduction in the threshold to which the taper applies and it could be set at around £125,000 instead.
To a politician, such changes might be the easiest to implement but I think there could be lasting impacts if these changes were made.
Higher earners affected by these changes could decide that pensions aren't the right vehicle for them and begin to plan in other ways instead.
In addition the constant tinkering with pensions does little to comfort people who are looking to put long-term planning in place.
While such changes may be an easy tax grab for the chancellor we must ensure the result is not to undermine pensions as a vehicle for long-term planning.
Helen Morrissey is pensions specialist at Royal London
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Marcus Brookes, head of multi-manager at Schroders, David Inglesfield, head of wealth at KW Wealth, and Andrew Gilbert, head of retirement at LV, will be on hand to answer questions and make sense of Mr Hammond's announcements for financial advisers.
