Andrew Megson: How can the government restore faith in pension policy?

Crisis of confidence

clock • 4 min read

As the government tries to recoup the cost of the pandemic could generous pension tax policy be in the firing line? Andrew Megson says the ripple effect of change is a crisis of confidence that needs to be addressed...

Uncertainty surrounding pension policy has become an accepted reality by UK savers throughout the previous decade. However, Covid-19 appears to have placed many pension policies under a very real threat. Indeed, the height of the pandemic saw households and businesses alike being placed under unprecedented financial pressure, as national lockdowns and social distancing measures forced the UK economy to grind to a halt. As such, the government stepped in to provide vital financial support, such as the furlough scheme and the Coronavirus Business Interruption Loan Scheme (CBILS). Whilst...

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

DWP seeks small pension pot default consolidator solution

DWP seeks small pension pot default consolidator solution

Government aims to have small pot consolidation operational from 2030

Jonathan Stapleton
clock 15 September 2026 • 2 min read
Adviser chases Hartley Pensions for ten months over clients' SSAS transfer

Adviser chases Hartley Pensions for ten months over clients' SSAS transfer

Takes case to The Pensions Ombudsman

clock 10 September 2026 • 2 min read
Pension changes to impact more than half of advised clients

Pension changes to impact more than half of advised clients

Advisers’ biggest concern is not understanding the pension IHT rules

Sophia Panayi
clock 09 September 2026 • 2 min read