HM Treasury

SPP and ABI broadly back targeted support and simplified advice

Does the goal line between guidance and advice need rethinking to help members?

The government said current 35% tax rate on extracted surpluses will reduce to 25%

Treasury must review current exemption ahead of June 2025 deadline

Directions will ensure 2020 valuations of public service schemes can be completed

Chancellor will deliver statement alongside OBR forecast

FCA proposed no changes to initiative but said the industry must do more to support savers

Call for evidence suggests TPR should be required to keep a full register of all trustees

Proposals could give flexibility for the sponsors of smaller and struggling schemes

AJ Bell calls for increase on £4,000 threshold to £10,000