Labour plans pensions review if party takes power

Part of party’s plans to ‘reinvigorate’ UK’s capital markets

Martin Richmond
clock • 3 min read

The Labour Party has announced its intention to carry out an “in-government pensions and retirement savings review” if it wins the next general election.

In its paper Financing Growth - published yesterday (31 January) - Labour confirmed it would conduct the review of the pensions framework to "evaluate" whether it provides savers with sustainable incomes in retirement. As part of the review, the opposition party said it would work with industry and consumer groups to provide savers with the "best possible" returns and would also identify the barriers to increased investment by pension schemes into UK productive assets. Labour said its review would look at the entire pensions ecosystem across defined benefit (DB), defined contribution ...

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

IHT pensions changes expected to drive 'strong interest' in annuities

IHT pensions changes expected to drive 'strong interest' in annuities

Though ‘ambiguity’ persists on annuities treatment, retirement planning expert says

Jen Frost
clock 04 November 2024 • 3 min read
Budget end to overseas pensions 'loophole' could cause 'chaos'

Budget end to overseas pensions 'loophole' could cause 'chaos'

OTC applies to more transfers under changes

Jen Frost
clock 31 October 2024 • 2 min read
Pensions tax-free cash untouched – but what about those who acted pre-Budget?

Pensions tax-free cash untouched – but what about those who acted pre-Budget?

No lump sum change should be ‘welcomed’ but damage cannot be undone

Isabel Baxter
clock 31 October 2024 • 5 min read