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

Preparing for 2029: Adapting to the Budget's salary sacrifice cap

Preparing for 2029: Adapting to the Budget's salary sacrifice cap

'While this policy alters the landscape, it arguably represents an adjustment rather than a fundamental reform'

Steve Charlton
clock 22 December 2025 • 3 min read
Utmost to sell life and pensions business to JAB Insurance

Utmost to sell life and pensions business to JAB Insurance

To focus on wealth solutions business

Jen Frost
clock 22 December 2025 • 2 min read
Editor's view: How disjointed is the government's salary sacrifice change?

Editor's view: How disjointed is the government's salary sacrifice change?

The editor's Friday Night Takeaway from 19 December

Jen Frost
clock 19 December 2025 • 3 min read