AJ Bell urges govt to form independent pensions tax commission

Andy Bell has written to the Chancellor and pensions minister

Victoria McKeever
clock • 2 min read

AJ Bell chief executive Andy Bell has asked the government to create an independent pension tax commission and give the pension industry a 10-year 'no-change' guarantee.

In a letter to Chancellor Philip Hammond and pensions minister Richard Harrington, Bell (pictured) called for the creation of a non-political review body, similar to the Turner Commission, which should evaluate pension saving incentives in the UK. The body would be tasked with assessing whether reforms of the existing pension tax relief structure were needed and if so, which way the government should go. Any recommendations made should then form the basis for a lasting, cross-party settlement on pensions tax relief, and should come with a pledge not to make any further changes for at ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Reeves looking to cap salary sacrifice contributions to £2,000 - reports

Reeves looking to cap salary sacrifice contributions to £2,000 - reports

Chancellor has 'decided against' cutting pension lump-sum withdrawals

Jonathan Stapleton
clock 10 November 2025 • 4 min read
MPs warned against changes to salary sacrifice pensions

MPs warned against changes to salary sacrifice pensions

SPP says scrapping salary sacrifice would lead to reduction in employees’ take home pay

Martin Richmond
clock 07 November 2025 • 4 min read
'It's a real fee-souper': Why clearing the fog on SIPP charges is now a strategic necessity

'It's a real fee-souper': Why clearing the fog on SIPP charges is now a strategic necessity

'Selecting a SIPP provider should require a strategic inquiry into their fee structures'

James Floyd
clock 05 November 2025 • 4 min read