Industry expresses concern over potential pension changes in Budget

'Extreme' concern over potential changes in pensions

Sahar Nazir
clock • 1 min read

Industry professionals are “extremely concerned” about pension changes in the upcoming Budget later this month.

According to the latest Professional Adviser poll, 43% of professionals expressed extreme concern over potential changes, whilst nearly a quarter (24%) said they are "moderately concerned". A key issue raised by those extremely concerned is the constant policy shifts, which they argue undermine long-term planning and erode public trust in pensions. One respondent criticised frequent changes to pension rules, calling for stability: "Pensions are a long-term savings vehicle... How can they (and their advisers) plan effectively...

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