Treasury's early access consultation 'a political move'

clock

The government's probe into allowing early access was a political rather than practical move and the Treasury knew the idea would be rejected, a lawyer has claimed.

Earlier this week the Treasury announced it will not consider allowing savers early access to their retirement pots in any form at this time. The department claimed this is because it received no evidence allowing access to pension funds before age 55 would improve pension savings. However, Robin Ellison, head of pensions strategic development at Pinsent Masons, claimed there was never any real possibility the Treasury would allow early access. "The Treasury knew what the outcome of the consultation was going to be before it started, and the exercise was more political than real, e...

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 uncategorised

Two including former police officer charged in connection with £720,000 investment fraud

Two including former police officer charged in connection with £720,000 investment fraud

Due to appear at Westminster Magistrates’ Court

Sophia Panayi
clock 04 June 2026 • 1 min read
Last chance: MPS conference to explore different approaches in shifting landscape

Last chance: MPS conference to explore different approaches in shifting landscape

Takes place in London tomorrow

Professional Adviser
clock 01 June 2026 • 1 min read
Women in Financial Advice Awards 2026: Nominations close today!

Women in Financial Advice Awards 2026: Nominations close today!

Awards to be held at Hilton Bankside in London

Professional Adviser
clock 08 May 2026 • 1 min read