Calls grow for pensions minister to establish long-term savings commission

Nucleus urges pensions minister to seek ‘political consensus’ on long-term savings reform.

Jasmine Urquhart
clock • 2 min read

Pensions minister Torsten Bell has been urged to create a long-term savings commission and ensure “political consensus” on long-term savings policy.

In an open letter to Bell and other decision-makers, Nucleus Financial Platforms called for a long-term savings commission and joined-up action on pensions policy. The letter referenced the "pre and post Budget uncertainty" which has prompted increased member withdrawals from pension savings, in addition to inheritance tax changes affecting retirement funds, the abolition of the lifetime allowance and "ongoing speculation" on individual savings accounts changes. The firm said numerous changes and an "uncertain policy landscape" may have led to saver discouragement with long-term savin...

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 Your profession

Sector divided on Reeves' pullback on Cash ISA reform

Sector divided on Reeves' pullback on Cash ISA reform

‘A big win for defenders of a broken system’

Sorin Dojan
clock 11 July 2025 • 2 min read
FCA flags progress on internal DEI targets and urges action on Consumer Duty

FCA flags progress on internal DEI targets and urges action on Consumer Duty

According to the FCA report 2024-2025

Sahar Nazir
clock 11 July 2025 • 2 min read
FCA reviewing client categorisation rules to distinguish retail investors from the pack

FCA reviewing client categorisation rules to distinguish retail investors from the pack

Goal of 40 more initiatives to be completed by year end

Eve Maddock-Jones
clock 10 July 2025 • 2 min read