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

Why documentation is king in the world of SSAS

Why documentation is king in the world of SSAS

'SSAS documentation - it isn't just best practice or a fiduciary requirement'

Caitlin Southall
clock 04 July 2025 • 4 min read
Steve Webb: Sceptical advisers should not give up on pensions dashboard

Steve Webb: Sceptical advisers should not give up on pensions dashboard

‘A big mistake to underestimate the impact it will have’

Jenna Brown
clock 03 July 2025 • 3 min read
What role can advisers play in closing the gender pension gap?

What role can advisers play in closing the gender pension gap?

Advisers are uniquely placed to influence the gender pension gap

Olivia Perry
clock 02 July 2025 • 7 min read