Industry blasts Labour vow to cut pensions allowances

Labour’s plan to cut the annual and lifetime pensions allowances has been criticised by the industry, finds Natasha Browne

clock •

The pensions industry has hit back at plans by Labour to reduce the annual and lifetime allowances if it gets into power in May.

Experts raised concern that the policy would create further instability and disproportionally affect middle-income earners like nurses, teachers and the self-employed. Last week, Labour party le...

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

Industry calls for rise to AE contributions as it responds to WPC inquiry into adequacy

Industry calls for rise to AE contributions as it responds to WPC inquiry into adequacy

Government urged to implement clear timetable for increasing contributions

Holly Roach
clock 27 October 2026 • 3 min read
M&G launches 'CDI+' run-on solution with £400m deal

M&G launches 'CDI+' run-on solution with £400m deal

Launch expands range of solutions for DB schemes and combines M&G’s asset management and insurance businesses

Holly Roach
clock 27 October 2026 • 2 min read
Buzz: Is enough progress being made to meet Mansion House commitments?

Buzz: Is enough progress being made to meet Mansion House commitments?

Mansion House Accord, state pension, ‘administrative logjam’ and VfM

Professional Pensions
clock 26 October 2026 • 1 min read
Trustpilot