Pension allowance reform praised by industry but cost and impact of measures questioned
LTA abolished, AA rises to £60,000 and both MPAA and MTAA increased to £10,000
Some fear the government could alter inheritance tax rules or hike the minimum pensions age to 60
Reports say LTA could increase from £1m to £1.8m and the AA from £40,000 to £60,000
Move would boost growth and deliver better outcomes for pensions and the economy
Barriers remain but regulatory and industry change could lead to significant progress
Jonathan Stapleton speaks to the trustee chair of the Railways Pension Scheme
Broadstone says DB funding positions remain stable but buyout positions are improving
Aggregate funding level of UK DB schemes on a long-term basis increases to 105% in February
Insurer believes volatility has led to improved funding and higher sponsor appetite for deals