Will the Chancellor pull one more pension rabbit from his hat?

Will the Chancellor pull one more pension rabbit from his hat?

clock

The Chancellor would do well to review the ‘increasingly restrictive and prejudicial' lifetime allowance, writes Lesley Harrold

Now that we have a clear Conservative majority, albeit a small one, what are the likely implications for the government's pensions policy in the course of this Parliament? After the whirlwind of the Budget 2014 announcements, the formation of the new Conservative government may herald a period of relative pension stability and this would be a welcome breathing space. That said, the proposals announced in the March 2015 Budget to allow members with an existing annuity to sell the policy to a third-party purchaser, could well be on the cards in the near future. The consultation on th...

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

IHT shake-up: What will come of SSAS discretionary death benefits?

IHT shake-up: What will come of SSAS discretionary death benefits?

'Essential that issues are addressed and rectified in the draft rules'

Caitlin Southall
clock 17 February 2025 • 4 min read
WBR Group acquires £403m SSAS book from Standard Life

WBR Group acquires £403m SSAS book from Standard Life

Administered SL's SSAS book for more than 20 years

Jenna Brown
clock 13 February 2025 • 1 min read
'Strong case' for automatic consolidation of small pensions, IFS argues

'Strong case' for automatic consolidation of small pensions, IFS argues

Think tank calls on the government to ‘end and reverse’ the proliferation of small pots

Holly Roach
clock 12 February 2025 • 4 min read