LCP calls for DC and DB advice tax breaks in budget

Pensions Advice Allowance and tax relief on employer-funded advice usage remains low

Julia Bahr
clock • 2 min read
LCP calls for DC and DB advice tax breaks in budget

Lane Clark & Peacock (LCP) has called on chancellor Rishi Sunak to improve the current system of tax breaks for advice on pensions ahead of the Autumn Budget later today (27 October).

LCP partner Clive Harrison  said the chancellor should use his Budget to improve the tax breaks for financial advice. He said they are "not having the desired effect".  Harrison said the curre...

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

TPR sets out projections for next ten years of DB schemes

TPR sets out projections for next ten years of DB schemes

Regulator’s report suggests insurance market is able to absorb all schemes intending to buyout over next decade

Holly Roach
clock 04 March 2026 • 4 min read
News Digest: Top civil servant explains decision to push ahead with Capita for CSPS administration

News Digest: Top civil servant explains decision to push ahead with Capita for CSPS administration

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

Professional Pensions
clock 04 March 2026 • 1 min read
Pensions UK calls for Pension Schemes Bill mandation power to be withdrawn

Pensions UK calls for Pension Schemes Bill mandation power to be withdrawn

Call comes as Bill is at a ‘crucial juncture’ in its passage through Parliament

Jonathan Stapleton
clock 03 March 2026 • 2 min read
Trustpilot