CPS proposals would be 'change for change's sake' - Claire Trott

Industry now needs 'room to breathe'

Victoria McKeever
clock • 2 min read

Technical Connection head of pensions strategy Claire Trott has branded the Centre for Policy Studies (CPS) state pension proposals "change for change's sake" when stability is needed.

Trott (pictured) said: "The industry now just needs room to breathe - it seems like we have had 10 years of unprecedented change." A period of stability, she argued, would allow providers time to get up to speed and clients to plan properly, adding: "That is not possible when the future of pensions policy is uncertain." Trott's reaction followed proposals published today by the CPS, advocating putting the state pension into 'run-off' and the introduction of a ‘senior citizens' pension', payable from the age of 80. The paper, written by CPS fellow Michael Johnson, also proposed the int...

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