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

MoneyHelper pension dashboard expected to launch in 2027/28

MoneyHelper pension dashboard expected to launch in 2027/28

Maps CEO says ‘significant’ progress has been made since schemes began connecting to ecosystem

Martin Richmond
clock 21 May 2026 • 2 min read
Up to 15 million not saving enough for retirement, Pensions Commission warns

Up to 15 million not saving enough for retirement, Pensions Commission warns

Report looks at the state of retirement saving in the UK

Holly Roach
clock 19 May 2026 • 3 min read
Standard Life extends Sharia proposition with lifestyle strategy launch

Standard Life extends Sharia proposition with lifestyle strategy launch

Move comes in partnership with HSBC Asset Management and Franklin Templeton

Jonathan Stapleton
clock 19 May 2026 • 3 min read