The lifetime allowance is set to rise to £1,078,900 from April next year in line with the 0.5% inflation figure.
Nearly two-thirds of this week’s 133 Pensions Buzz respondents believe the introduction of simpler and standardised annual benefit statements will help more members engage with their pension.
The lifetime allowance will rise to £1,073,000 from next April as inflation in the year to September stands at 1.7%.
More than 4,500 pension scheme members breached the lifetime allowance in the 2017/18 tax year, an increase of 36% from the year before, according to HM Revenue and Customs (HMRC).
The government must conduct a fundamental review of tax reliefs and allowances to reduce complexity and confusion, says Malcolm McLean
The next chancellor should urgently address "absurdly complex" tax relief rules as data reveals NHS waiting lists have lengthened due to senior doctors working fewer hours to avoid the charges.
This week's top stories included Legal & General completing a record-breaking buyout with the Rolls-Royce UK Pension Fund, and the government setting out plans for flexible NHS pensions.
Senior NHS clinicians could be offered an option to halve their pension contributions in exchange for also halving the rate of pension growth.
Accidental breaches of lifetime allowance fixed protections could no longer result in onerous tax bills after HM Revenue and Customs (HMRC) dropped its appeal of a landmark case.
The British Medical Association (BMA) has warned chancellor Philip Hammond to reform the NHS pension scheme rules or doctors will reduce their working hours.
The lifetime allowance should be scrapped and replaced with a lower annual allowance, last week's Pensions Buzz respondents said.
The new tax year brings a number of changes for pensions including the long-awaited name change for the Single Financial Guidance Body (SFGB).
More than 100,000 savers face being landed with huge tax bills following tiny uplifts to their pension, a Freedom of Information (FOI) reply has revealed.
This week's top stories included an analysis finding the cost of equalising guaranteed minimum pensions in schemes could hit FTSE 100 profits by up to £15bn.
The lifetime allowance will rise to £1,054,800 from April next year as the Office for National Statistics (ONS) recorded inflation at 2.4% in the year to September.
Around three-fifths of respondents in this week's Pensions Buzz backed the view that trustees should take a proactive approach to engage with members when they are seeking to transfer out of their defined benefit (DB) scheme.
The new tax year brings a number of changes to the pensions world, not least the first round of phasing for auto-enrolled employees.
Any further changes to tax relief would undoubtedly add to the cost and complexity of running a DB scheme, says Steve Webb
The pension industry's reaction to the lack of policy in the Autumn Budget has been a mixture of relief and disappointment.
Budget papers have confirmed the lifetime allowance (LTA) for pensions will increase to £1,030,000 for the tax year 2018/19.
As Budget day approaches, Jonathan Stapleton says while meddling in pensions may offer an easy way to raise some cash, it must be resisted
The upcoming general election is an opportunity to put forward a bolder pension policy says Hilary Salt.
Mel Duffield says savers should think carefully before deciding to choose a LISA over a pension.
Ahead of tomorrow's Budget, PP looks at what the industry would like to see.