Agile IT needed as rapid regulation change becomes the norm

'Gone are the lengthy consultation and rule-setting cycles that often took several years'

clock • 6 min read

We are moving into a new age of speed, where both regulatory disclosure and tax rule changes must be implemented more swiftly than ever before, writes Paul Muir

Keeping pensions technology up to date with financial regulatory and pensions tax reforms has become tougher of late. You only have to look at the speed and complexity of recent changes demanded by HM Treasury and the Financial Conduct Authority to realise this. Firstly, we had the announcement of the abolition of the lifetime allowance (LTA) in the Chancellor's Spring Budget 2023. The LTA tax charge was removed on 6 April 2023 (22 days after it was first announced). It was abolished at the start of the new tax year on 6 April 2024 after eighteen years of existence. There is no denyin...

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 Regulation

FCA's CP26/10 lets firms gather less - it doesn't let them assume more

FCA's CP26/10 lets firms gather less - it doesn't let them assume more

'A family knowing a client's wishes is not the same as the client stating them'

Mark Buck
clock 15 September 2026 • 5 min read
What the FCA's Mills review means for financial services

What the FCA's Mills review means for financial services

Regulatory expectations will need to evolve as AI becomes more autonomous

Jessica Caws and Cheryl Tham
clock 07 September 2026 • 6 min read
AI and compliance: Charging for advice or administration?

AI and compliance: Charging for advice or administration?

Efficiency doesn't remove accountability

Gareth Fatchett
clock 03 September 2026 • 3 min read