Video interview: Richard Parkin on proposed cut to MPAA

Fidelity International head of pensions policy

Julian Marr
clock • 1 min read

Fidelity International head of pensions policy Richard Parkin talks to Julian Marr about the proposed cut to the Money Purchase Annual Allowance (MPAA)

In this short video, Parkin explains the government has always limited the pension tax breaks available to people who have accessed their pension flexibly. The aim of the proposed cut in the MPAA, however, is to stop people "recycling" money from their pension as new pension contributions and effectively generating "free money". In addition to running through the government's proposals, Parkin discusses how effective the measure is likely to prove, whether there are any alternatives and the sort of action advisers should now be commending to theirclients. In last month's Autumn Statem...

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 Retirement

Partner Insight: The psychology of retirement

Partner Insight: The psychology of retirement

Bridging the advisers-clients gap: How emotional intelligence can help build deeper trust with clients and better understand their financial goals

James Woodfall, Raise Your El.
clock 15 September 2025 • 1 min read
Managing drawdown risk: A new frontier in retirement planning

Managing drawdown risk: A new frontier in retirement planning

'Volatility alone is no longer a sufficient risk measure'

Matthew Wright
clock 29 August 2025 • 4 min read
Sounding the alarm: Facing the retirement reality check

Sounding the alarm: Facing the retirement reality check

'At the heart of the issue is a worrying lack of engagement'

Laith Khalaf
clock 17 June 2025 • 3 min read