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

 Rachel Vahey: Advisers and clients still need clarity on NMPA increase

Rachel Vahey: Advisers and clients still need clarity on NMPA increase

'HMRC has had years to clear this up but has sat on its hands'

Rachel Vahey
clock 11 March 2026 • 4 min read
Pension freedoms exposed a longevity problem we still refuse to confront

Pension freedoms exposed a longevity problem we still refuse to confront

'The gap between product complexity and consumer understanding is not narrowing'

Julia Fintz
clock 11 March 2026 • 4 min read
Complex Hartley Pensions administration continues amid 'misappropriated funds' investigation

Complex Hartley Pensions administration continues amid 'misappropriated funds' investigation

Administration expected to conclude in 2027

Isabel Baxter
clock 10 March 2026 • 3 min read