Osborne may emulate Maxwell as pensions 'destroyer' - McPhail

clock

Chancellor George Osborne is in danger of emulating Robert Maxwell "as a destroyer of pension savings" with plans for a retirement 'guidance guarantee', Tom McPhail has warned.

Providers are suggesting they can not deliver the guidance impartially, and that it should therefore be the job of the likes of The Pensions Advisory Service (TPAS), because that would work in thei...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

LCP warns against Budget pensions tax relief raid due to potentially 'serious' issues

LCP warns against Budget pensions tax relief raid due to potentially 'serious' issues

Firm warns changes to pensions tax could cause challenges for workers, employers and the public sector

Jasmine Urquhart
clock 08 September 2025 • 2 min read
Ian Cornelius – Strengthen Pension Schemes Bill to further unlock innovation and UK growth

Ian Cornelius – Strengthen Pension Schemes Bill to further unlock innovation and UK growth

Nest chief executive says tweaking the PSB could turn it into an ‘engine for investment’

Ian Cornelius
clock 04 September 2025 • 4 min read
Virgin Media amendments to the Pension Schemes Bill announced

Virgin Media amendments to the Pension Schemes Bill announced

Industry welcomes changes but says they will ‘not be a silver bullet in all cases’

Jonathan Stapleton
clock 02 September 2025 • 1 min read
Trustpilot