Industry expresses concern over potential pension changes in Budget

'Extreme' concern over potential changes in pensions

Sahar Nazir
clock • 1 min read

Industry professionals are “extremely concerned” about pension changes in the upcoming Budget later this month.

According to the latest Professional Adviser poll, 43% of professionals expressed extreme concern over potential changes, whilst nearly a quarter (24%) said they are "moderately concerned". A key issue raised by those extremely concerned is the constant policy shifts, which they argue undermine long-term planning and erode public trust in pensions. One respondent criticised frequent changes to pension rules, calling for stability: "Pensions are a long-term savings vehicle... How can they (and their advisers) plan effectively...

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 Your profession

A 1000-day wait: Pension transfer delays demand urgent reform, advisers say

A 1000-day wait: Pension transfer delays demand urgent reform, advisers say

Transfer delays highlight need for ten-day Pension Switch Guarantee

Sahar Nazir
clock 29 April 2025 • 2 min read
L&G drops fracture cover in critical illness and income protection overhaul

L&G drops fracture cover in critical illness and income protection overhaul

Increased pay out amounts

Jaskeet Briah
clock 29 April 2025 • 3 min read
Advisers could add 20 more clients annually with AI support

Advisers could add 20 more clients annually with AI support

Early adoption of artificial intelligence tools is boosting adviser efficiency

Sahar Nazir
clock 28 April 2025 • 2 min read