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PLSA AC 24: Industry weighs in on potential pension tax changes as Budget speculation grows


By Sophie Smith

More than a third (36 per cent) of pension professionals would prefer the government apply national insurance (NI) to employer pension contributions, if pensions need to contribute to the overall tax saving, a poll at the PLSA Annual Conference 2024 has found.

Speculation over potential pension tax changes has been growing ahead of the Budget, with LCP partner, Steve Webb, suggesting that “raising tax is seen as plucking the goose with the minimum amount of hissing”


Story 2

PLSA Conference 2024: DC is ‘broken’, WTW says

Industry experts have argued that defined contribution (DC) is “broken”, suggesting that a conversation at board room level about this could create change

Story 3

PLSA AC 24: UK should take lessons from Australia on what to avoid in pension system reform

The UK can learn from Australia on what to avoid when reforming its pension system, rather than just replicating the Australian model, according to Hostplus former group executive, Paul Watson

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Decline in pension allocation to UK small caps prompts call for policy change

Pension funds’ shift away from investing in domestic equities and companies has contributed to the decline of small businesses in the UK, research from Abrdn haa suggested, prompting calls policy changes

Story 5

Nearly two thirds of retirees plan pension income in final year of work

Three in five retirees (62 per cent) with a pension pot started planning their pension income in the final year before retirement, according to a study from Legal & General Retail Retirement

Story 6

PLSA AC 24: PLSA will advocate alongside DWP for guided retirement income choices

The Pensions and Lifetime Savings Association (PLSA) will “continue to advocate alongside the Department for Work and Pensions” (DWP) on their guided retirement income choices, PLSA senior policy lead defined contribution, master trusts and standards, Rurai Grant, has said

Story 7

Aon launches new framework for UK pension scheme investment strategy

Aon has launched the Zone framework to support pension schemes with decision-making as the industry moves into a new environment, where improved funding levels provide more endgame options

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Exclusive: TPR to extend regulatory approach to professional trustee firms

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PLSA AC 24: DWP to look at role of CDC in decumulation

The Department for Work and Pensions (DWP) is looking at the role collective defined contribution (CDC) pensions can play in decumulation as it considers the next step for CDC
Pension transfer times reach new post-pandemic low

Pension transfer times have reached their lowest level since the end of the pandemic in 2021, despite a continuous rise in transfer volumes, data from the OrigoTransfer Index has found
PLSA AC 24: Nearly a third of DB schemes have reached endgame

Nearly a third (31 per cent) of defined benefit (DB) pension schemes have already reached endgame, according to research from Aon

PLSA AC 2024: Majority of industry experts support default retirement pathway for members

The majority (92 per cent) of industry experts think that members should have a default retirement pathway, according to a poll conducted at the PLSA Annual Conference,
PLSA AC 24: ‘Vulnerable’ DB members more likely to worry about money in retirement

More than half (52 per cent) of vulnerable defined benefit (DB) pension scheme members worry about money when thinking about retirement, a survey from Just Group has shown


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