Nucleus: Pension tax tinkering must end to restore consumer trust

Platform wants independent long-term savings commission

Jenna Brown
clock • 1 min read

Nucleus has again called on politicians across the political spectrum to set up an independent long-term savings commission to address chronic under-saving.

In an open letter, the platform urged pension minister Paul Maynard and Labour shadow minister for pensions Gill Furniss to agree on a consistent pension and savings policy to boost retirement savings. It also called on the government to stop the "constant tinkering to pension tax rules" which it said was deterring people from engaging with the system. Nucleus said the "pension legislation merry-go-round" had further eroded trust in pensions and while auto-enrolment had significantly boosted the numbers of savers the amounts being put away would not provide a comfortable retirement. ...

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

Mind the (widening) gender pensions gap

Mind the (widening) gender pensions gap

‘A terrifying outcome for women in retirement’

Caitlin Southall
clock 14 January 2026 • 4 min read
Pensions body warns MPs on salary sacrifice change impact

Pensions body warns MPs on salary sacrifice change impact

Employers and employees will ‘face higher costs’ from salary sacrifice changes

Jasmine Urquhart
clock 14 January 2026 • 2 min read
Many savers fear smaller pension pots after salary sacrifice reforms

Many savers fear smaller pension pots after salary sacrifice reforms

Two-thirds think changes will mean paying more National Insurance

Jasmine Urquhart
clock 08 January 2026 • 2 min read