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 warns on loan notes and mini-bond investment risks

FCA warns on loan notes and mini-bond investment risks

Urges consumers to be wary of high-risk investments

Jenna Brown
clock 20 August 2026 • 2 min read
SVS Securities CEO banned and fined

SVS Securities CEO banned and fined

Demetrios Hadjigeorgiou barred from working in senior management positions

Jenna Brown
clock 20 August 2026 • 2 min read
Suitability rules overhaul: Why firms should engage now, not later

Suitability rules overhaul: Why firms should engage now, not later

'The bigger shift is philosophical, not just structural'

Marjolaine Quirke
clock 19 August 2026 • 3 min read