'Unworkable' IHT/pension reform risks undermining Consumer Duty

‘They’ve smashed complex pensions and complex IHT together’

Sahar Nazir
clock • 4 min read

Proposals to include pensions in inheritance tax (IHT) rules risk discouraging saving, delaying bereavement payouts, and undermining Consumer Duty, delegates heard.

The government has been urged to reconsider its "complex" IHT proposals for pensions due to operational delays and potentially poor outcomes for clients and their advisers. Speaking at a panel discussion at the TISA pensions and IHT launch event today (14 June), Quilter retirement and tax specialist Kirsty Anderson, AJ Bell director of public policy Tom Selby, and Nucleus technical services director Andrew Tully raised concerns about the government's proposed approach, branding it "unworkable," "rushed," and "at odds with good client outcomes". The government has proposed bringing all...

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

How Parmenion is fuelling platform growth amid adviser fragmentation

How Parmenion is fuelling platform growth amid adviser fragmentation

Platform's soft skills training, switch service and Consumer Duty alignment cited as key drivers of adviser engagement

Sahar Nazir
clock 28 August 2025 • 3 min read
Former Titan Wealth employee convicted of harassing senior staff

Former Titan Wealth employee convicted of harassing senior staff

Judge orders mental health assessment ahead of sentencing next month

Sahar Nazir
clock 28 August 2025 • 3 min read
Reeves eyes landlord tax raid in Autumn Budget

Reeves eyes landlord tax raid in Autumn Budget

To address £40bn hole in public finances

Sahar Nazir
clock 28 August 2025 • 3 min read