Treasury ponders PTA pension link

clock

The Treasury is seeking consultation from the protection industry on a proposal to allow pension term assurance for consumers who self-certify they have a pension provision.

In a paper issued on Thursday, the Treasury appears to confirm it will not ban PTA outright and will allow it to be used by people who have a pension provision, as long as it is evidenced through self-assessment tax returns. Concerns had been raised the Treasury would require PTA to be formally linked to pensions and evidenced through a centralised industry database, which providers warned would involve considerable expense. The paper also suggests the Treasury will cap the maximum sum assured at 30%, or £0.5m, which Andy Milburn, IFA market manager at Royal Liver, says would have no im...

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 Protection

Kevin Carr on AI: I don't think we've even seen the tip of the iceberg

Kevin Carr on AI: I don't think we've even seen the tip of the iceberg

'The technology is evolving faster than many of us can imagine'

Kevin Carr
clock 13 May 2026 • 4 min read
Life insurance: Complexity vs cost and the confidence gap

Life insurance: Complexity vs cost and the confidence gap

Complexity and uncertainty create frustration for consumers and operational drag for advisers

Kevin Carr
clock 30 April 2026 • 4 min read
Holloway Friendly and Wiltshire Friendly to merge

Holloway Friendly and Wiltshire Friendly to merge

No job losses anticipated

Jaskeet Briah
clock 20 April 2026 • 2 min read