Hoban rejects calls to increase pension drawdown limits

clock

Financial secretary to the Treasury Mark Hoban has rejected AJ Bell's call to increase the limits on income drawdown.

In April, the government reduced the annual sum investors could withdraw from their pension funds to 100% of the equivalent annuity rate, down from 120%. This month, AJ Bell director Andy Bell w...

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 Industry

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Isio buys Trafalgar House, Standard Life launches PRT partnership and SPP response to MoJ consultation

Professional Pensions
clock 21 August 2026 • 1 min read
NHS Pension Scheme extends Lumera comms work

NHS Pension Scheme extends Lumera comms work

Insurtech firm to continue supporting public sector scheme’s member comms

Alex Levy
clock 21 August 2026 • 1 min read
News Digest: Reform's new economic adviser calls for end of pensioners' triple lock

News Digest: Reform's new economic adviser calls for end of pensioners' triple lock

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 21 August 2026 • 1 min read
Trustpilot