Members who hold valid enhanced or fixed protections will be able to accrue new benefits
Spring Budget announcements and reaction to the abolishment of the LTA
Nigel Peaple reviews the government’s Budget measures on pensions
Abolishment of LTA, consultation on LGPS pool transfers and DC investment in growth sectors
‘Some rowing back’ may happen as framework is taken apart
Pension allowance reform praised by industry but cost and impact of measures questioned
LTA abolished, AA rises to £60,000 and both MPAA and MTAA increased to £10,000
Some fear the government could alter inheritance tax rules or hike the minimum pensions age to 60
LTA, AA and MPAA reforms, and investment in UK growth assets
Reports say LTA could increase from £1m to £1.8m and the AA from £40,000 to £60,000