Reports - Labour ditches plans for LTA carve-out for certain public sector schemes

Scottish Sun says Labour will reintroduce LTA but without exemption for NHS scheme

Professional Pensions
clock • 2 min read
Chancellor Jeremy Hunt announced the abolition of the LTA in his March Budget last year. Photo: Copyright HM Treasury
Image:

Chancellor Jeremy Hunt announced the abolition of the LTA in his March Budget last year. Photo: Copyright HM Treasury

Labour has scrapped plans to create a lifetime allowance (LTA) carve-out for certain public sector pension schemes, reports say.

Chancellor Jeremy Hunt announced the abolition of the LTA in his March Budget, with the limit due to be formally scrapped from April this year - plans the opposition said they would reverse, reintr...

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

Government intervention in the running of schemes causing concern among industry

Government intervention in the running of schemes causing concern among industry

Buzz respondents also cited concerns around adequacy, regulation and long-term returns

Martin Richmond
clock 20 August 2025 • 2 min read
UK inflation rises to 3.8% in July and poses further challenges to BoE

UK inflation rises to 3.8% in July and poses further challenges to BoE

Core CPI also up to 3.8%

Sorin Dojan
clock 20 August 2025 • 2 min read
News Digest: James Kirkup - Kill the single state pension age

News Digest: James Kirkup - Kill the single state pension age

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

Professional Pensions
clock 20 August 2025 • 1 min read
Trustpilot