Industry urges Labour Party to 'leave pensions system alone'

‘It will create more confusion and needs to be left alone for a few years’

Isabel Baxter
clock • 2 min read

Most of the industry does not support the Labour Party’s proposal for a full review of the UK pensions system, a Professional Adviser poll has shown.

Our latest PA Asks results revealed that 69% do not support the proposal, 24% do and 7% do not know. This comes after Labour stated that it would undertake a review of pensions in the UK as well as "act to increase investment from pension fund in UK markets". It also committed to the state pension triple lock. Multiple industry respondents have said that the party should "leave pensions alone". One said: "Let people plan with certainty without having to worry that the rules might change in the future. "We have one life which would be considerably easier without politicians chang...

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

Salary sacrifice protections overturned by House of Commons

Salary sacrifice protections overturned by House of Commons

Commons overturns Lords amendment to increase cap to £5,000 from initial £2,000 proposal

Holly Roach
clock 24 March 2026 • 1 min read
 Rachel Vahey: Advisers and clients still need clarity on NMPA increase

Rachel Vahey: Advisers and clients still need clarity on NMPA increase

'HMRC has had years to clear this up but has sat on its hands'

Rachel Vahey
clock 11 March 2026 • 4 min read
Pension freedoms exposed a longevity problem we still refuse to confront

Pension freedoms exposed a longevity problem we still refuse to confront

'The gap between product complexity and consumer understanding is not narrowing'

Julia Fintz
clock 11 March 2026 • 4 min read