Will the Chancellor pull one more pension rabbit from his hat?

Will the Chancellor pull one more pension rabbit from his hat?

clock •

The Chancellor would do well to review the ‘increasingly restrictive and prejudicial' lifetime allowance, writes Lesley Harrold

Now that we have a clear Conservative majority, albeit a small one, what are the likely implications for the government's pensions policy in the course of this Parliament? After the whirlwind of the Budget 2014 announcements, the formation of the new Conservative government may herald a period of relative pension stability and this would be a welcome breathing space. That said, the proposals announced in the March 2015 Budget to allow members with an existing annuity to sell the policy to a third-party purchaser, could well be on the cards in the near future. The consultation on th...

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

The importance of defining the roles within a SSAS

The importance of defining the roles within a SSAS

'Poor role discipline can create compliance, tax and fiduciary risk'

Caitlin Southall
clock 08 October 2026 • 4 min read
AJ Bell warns Budget could 'exacerbate' 76% pension lump sum withdrawal rate

AJ Bell warns Budget could 'exacerbate' 76% pension lump sum withdrawal rate

AJ Bell has called on chancellor John Healey to commit to a pension tax lock

clock 06 October 2026 • 2 min read
Rachel Vahey: Pension savers need stability, not another panic-fuelled tax raid

Rachel Vahey: Pension savers need stability, not another panic-fuelled tax raid

'Real-world consequences of allowing pension tax speculation to run unchecked'

Rachel Vahey
clock 05 October 2026 • 3 min read