Will raise £14.3bn after pensions come under the IHT umbrella
Pensions were notably lacking from today's Spring Statement
Aims to raise extra £1bn per year through crackdown
Any reforms 'must be handled with care'
Comes after the lifeboat fund opened claims in December 2024
Expect welfare cuts, defence spending, but little movement on tax
To 'help shape important policy area'
Speaking at Treasury Committee hearing after five-year plan release
Regulator has heard that smaller firms would like further Consumer Duty support