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

Retirees feel regret after rushing to take out tax-free cash

Retirees feel regret after rushing to take out tax-free cash

Chancellor urged to provide earlier clarity ahead of 2026 budget

Isabel Baxter
clock 02 July 2026 • 3 min read
Third Financial launches white-labelled SIPP

Third Financial launches white-labelled SIPP

Titan Wealth first client to use service

Jenna Brown
clock 29 June 2026 • 1 min read
Environmental due diligence for SIPP/SSAS is as important as ever

Environmental due diligence for SIPP/SSAS is as important as ever

Environmental due diligence isn't just a ‘tick-box'

Caitlin Southall
clock 29 June 2026 • 4 min read