Snap election pressure bites as Treasury scraps MPAA cut

James Phillips
clock • 3 min read

A controversial decision to slash the Money Purchase Annual Allowance (MPAA) from £10,000 to £4,000 will be scrapped as the Treasury seeks to trim the Finance Bill.

The policy, which was confirmed during the Spring Budget in March, came into effect on 6 April despite the industry decrying it as "further damaging trust" in pensions. However, the government h...

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Defined Contribution

Nest surpasses £2bn in commitments to HarbourVest PE strategy

Nest surpasses £2bn in commitments to HarbourVest PE strategy

Milestone comes as IFM Investors agrees to buy majority stake in ABP

Jonathan Stapleton
clock 21 October 2026 • 3 min read
Mansion House Accord private capital allocations rise to 6.6% of DC assets

Mansion House Accord private capital allocations rise to 6.6% of DC assets

Industry says momentum dependent on pipeline; private capital firms lament current level of compact progress as ‘disappointing’

Jonathan Stapleton
clock 21 October 2026 • 5 min read
Partner Insight: Should pension education become as routine as health and safety training?

Partner Insight: Should pension education become as routine as health and safety training?

L&G's Building Future You workplace pilot explores whether retirement adequacy can be supported by treating pension education as a workplace responsibility.

L&G
clock 21 October 2026 • 4 min read
Trustpilot