Tax relief 'has not worked' and should be scrapped, says ResPublica

clock •

Phillip Blond, director at think tank ResPublica, has called for all tax relief on pensions to be scrapped in favour of a simple matching savings scheme.

He said the current system had not worked and was leading to the vast majority of the population not saving enough for retirement. A new mass savings vehicle, which could become a tool for wides...

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

SPP Conference 2026 - Government committed on fiduciary duty guidance update

SPP Conference 2026 - Government committed on fiduciary duty guidance update

Guidance should enable trustees to make the 'best' decision for their members

Martin Richmond
clock 25 September 2026 • 2 min read
FCA figures reveal surge in pension withdrawals over past two years

FCA figures reveal surge in pension withdrawals over past two years

Total value withdrawn has jumped from £53.6m in 2023/24 to £91.2m in 2025/26

Jonathan Stapleton
clock 24 September 2026 • 3 min read
Action needed now on salary sacrifice to minimise disruption

Action needed now on salary sacrifice to minimise disruption

LCP says early preparation will help employers navigate the transition

Jonathan Stapleton
clock 24 September 2026 • 2 min read
Trustpilot