Treasury

FCA's Mark Manning made the announcement at SIF 2023

Govt needs to pay almost £30bn a year in 2023, 2024 and 2025

Move comes as part of the government's green finance strategy

Consultation is a part of the Edinburgh Reforms

Bill legislates for the pensions tax changes announced last week

Alongside a separate joint discussion paper by FCA/PRA

‘Some rowing back’ may happen as framework is taken apart

Office for Budget Responsibility predicts IHT receipts will grow

Jeremy Hunt will hike LTA and annual allowance in tomorrow’s speech

Reports talk of his concern around the impact on the sector