Whichever political party wins on 4 July pensions need reform

A more bold and ambitious vision will be required

clock • 5 min read

With just a few days left until millions of people head to polling stations across the country to decide who should form the next government, Jonathan Hawkins argues pension reform should be a top priority for any new government...

All major parties have addressed pensions in their hastily assembled manifestos ahead of this month's election, suggesting they recognise that pensions increasingly matter to voters. From cutting tax for pensioners with a new triple lock to encouraging UK investment and ensuring WASPI women (women born in the 1950s) receive compensation for changes to the state pension age, there are certainly some interesting promises designed to catch the eye of certain sections of the electorate. However, to deliver the large-scale changes the UK desperately needs, a more bold and ambitious vision ...

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

'Caution' required over potential use of pensions for house deposits

'Caution' required over potential use of pensions for house deposits

Research finds the number of retirees living in rented property could treble by 2040

Martin Richmond
clock 23 January 2026 • 4 min read
Hidden 'systemic barriers' perpetuate gender pensions gap

Hidden 'systemic barriers' perpetuate gender pensions gap

Entrenched barriers, not lack of financial confidence to blame

Jenna Brown
clock 23 January 2026 • 3 min read
Mind the (widening) gender pensions gap

Mind the (widening) gender pensions gap

‘A terrifying outcome for women in retirement’

Caitlin Southall
clock 14 January 2026 • 4 min read