Nigel Peaple reviews the government’s Budget measures on pensions
Abolishment of LTA, consultation on LGPS pool transfers and DC investment in growth sectors
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
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
Daily Mail says lifetime and annual allowances among those that will increase
Industry letter to the Treasury calls for MPAA to be increased from £4,000 to £10,000
Just Group said adjusted for rising prices, the MPAA should have surpassed £12,000
AJ Bell calls for increase on £4,000 threshold to £10,000