Whichever political party wins on 4 July pensions need reform

A more bold and ambitious vision will be required

clock • 5 min read

With just a few days left until millions of people head to polling stations across the country to decide who should form the next government, Jonathan Hawkins argues pension reform should be a top priority for any new government...

All major parties have addressed pensions in their hastily assembled manifestos ahead of this month's election, suggesting they recognise that pensions increasingly matter to voters. From cutting tax for pensioners with a new triple lock to encouraging UK investment and ensuring WASPI women (women born in the 1950s) receive compensation for changes to the state pension age, there are certainly some interesting promises designed to catch the eye of certain sections of the electorate. However, to deliver the large-scale changes the UK desperately needs, a more bold and ambitious vision ...

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

Gender pensions gap grows to £113,000

Gender pensions gap grows to £113,000

Report finds more than a third of women are likely to face poverty in retirement

Martin Richmond
clock 18 November 2025 • 3 min read
The FOMO-fuelled run on the pensions bank – where the Treasury is the only winner

The FOMO-fuelled run on the pensions bank – where the Treasury is the only winner

'You can't build a savings culture on a foundation of uncertainty'

Matt Storey
clock 17 November 2025 • 5 min read
Chancellor's potential salary sacrifice plan: A 'high risk gamble built on low quality data'

Chancellor's potential salary sacrifice plan: A 'high risk gamble built on low quality data'

Govt reportedly considering introducing a £2,000 salary sacrifice annual cap

Joseph Warne
clock 14 November 2025 • 4 min read