Altmann hits out at govt over omission of pensions in savings promotion

Pensions 'better option for long-term growth'

Hannah Godfrey
clock • 2 min read

Former pensions minister Ros Altmann has added her voice to criticism of the government over its release of an infographic that details ways to save but fails to include any information on pensions.

In a blog post on 4 January, Altmann (pictured) described the omission from the 'Ways to save in 2017' infographic, which was published this week, as "deeply troubling", going on to suggest the private pension system was "under existential threat". Pensions were giving people "free money" from their employer and greater government contribution to their savings, she argued, adding that pensions were "a better option for long-term growth", while allowing people to pass on tax-free savings to their dependants. She also said she believed those using the Lifetime ISA as opposed to a pensio...

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

Reeves to consider £2bn raid on tax-free pension lump sum

Reeves to consider £2bn raid on tax-free pension lump sum

Telegraph reports PCLS cut could help plug £50bn public finances hole

Jonathan Stapleton
clock 21 August 2025 • 3 min read
State pension age review: Govt launches call for evidence

State pension age review: Govt launches call for evidence

UK faces long-term demographic pressures

Jenna Brown
clock 18 August 2025 • 2 min read
'Barriers are institutional, not technical': Industry split over ten-day pension switch proposal

'Barriers are institutional, not technical': Industry split over ten-day pension switch proposal

After PensionBee calls for a legally enforceable transfer guarantee

Sahar Nazir
clock 18 August 2025 • 2 min read