Pension tax relief policy is advisers' biggest pre-election worry - research

clock

The next government's policy on pension tax relief is the biggest worry to advisers ahead of the general election, a survey has found.

Canada Life found six in ten (58%) advisers are worried about the future of pension tax relief, indicating any potential future cuts would cause strife for financial planners. The provider also said auto-enrolment was a high concern for advisers. Some 38% said the policy was a pre-election worry as more employers reach their staging dates. Almost one in three (29%) said they were concerned about policy regarding the Retail Distribution Review (RDR) and more than one in four (27%) listed any changes to inheritance tax (IHT) rules as a worry. One in five (22%) listed annuity regulati...

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

Mansion House Accord: Pension providers target 10% investment in private markets

Mansion House Accord: Pension providers target 10% investment in private markets

5% of signatories' workplace pension schemes to be invested in UK private market assets by 2030

Holly Roach
clock 13 May 2025 • 5 min read
Interconnections: SIPP/SSAS taxable property

Interconnections: SIPP/SSAS taxable property

The consequences of holding taxable property in a SIPP or SSAS can be onerous and will offset the tax advantages offered by such a pension solution, warns Caitlin Southall

Caitlin Southall
clock 12 May 2025 • 4 min read
State pension nears tax threshold – how can the government fix it?

State pension nears tax threshold – how can the government fix it?

'While policy change would be welcome, individual action is just as crucial'

Laura Suter
clock 06 May 2025 • 4 min read