'If if ain't broke': Why pension-ISAs are better forgotten

Pensions are a long-term investment and require stability

clock

Alastair Conway thinks the pension-ISA is a step too far. Here he says 'pensions ain't broke, so stop trying to fix them...'

If you hoped to help influence HM Treasury's thinking on pensions tax relief and, in the process, throttle any remaining life out of the abomination that would be the PISA (pensions-ISA), then I sincerely hope you got your submissions to the consultation in on time. For fans of brevity, our submission can be summed up as follows: pensions ain't broke, so stop trying to ‘fix' them. And if we were to expand that ever so slightly it would be to add that pensions are a long-term investment and require stability. The Institute for Public Policy Research's Defining Ambitions - Shaping pe...

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

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
TPR cross-sector working group initiative to 'bring pensions into the digital age'

TPR cross-sector working group initiative to 'bring pensions into the digital age'

Regulator intends it to be a ‘pivotal force’ in shaping the future of pensions

Holly Roach
clock 02 July 2025 • 3 min read