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

FRC issues updated actuarial standard to support expansion of CDC

FRC issues updated actuarial standard to support expansion of CDC

Standard will be effective for technical actuarial work completed on or after 31 July

Holly Roach
clock 10 July 2026 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

PPF annual report, VLK DB research, Nest pay gap report

Professional Pensions
clock 10 July 2026 • 1 min read
PPF: Beating benchmarks, AI caution and understanding surplus extraction

PPF: Beating benchmarks, AI caution and understanding surplus extraction

Acting CEO Richard Beaven says the lifeboat fund ‘beat our benchmarks once again’

Holly Roach
clock 10 July 2026 • 5 min read
Trustpilot