LTA abolition: What do schemes need to know?

Communication, member protections and transfers just some of the aspects to prioritise

Jasmine Urquhart
clock • 6 min read
Chancellor Jeremy Hunt announced the abolition of the LTA in last year's Spring Budget. Not it has come into force, what are the next steps schemes should take? Credit: UK Parliament
Image:

Chancellor Jeremy Hunt announced the abolition of the LTA in last year's Spring Budget. Not it has come into force, what are the next steps schemes should take? Credit: UK Parliament

Jasmine Urquhart asks the industry where to start now the LTA has been abolished, and the most important things to focus on.

The abolition of the lifetime allowance (LTA) finally came into force last week (6 April) after a year of preparation, anticipation and work from schemes. Last week's change followed numerous pi...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

TPR formally extends its oversight to professional trustee firms

TPR formally extends its oversight to professional trustee firms

Watchdog says move will help identify and mitigate any risks to pension savers

Martin Richmond
clock 02 April 2025 • 2 min read
FCA thinking on using pension pots for house deposits 'a welcome development'

FCA thinking on using pension pots for house deposits 'a welcome development'

Regulator ponders the merits of radical thinking on pension savings

Jonathan Stapleton
clock 01 April 2025 • 4 min read
Robin Ellison – Regulators in the firing line

Robin Ellison – Regulators in the firing line

PP’s regular columnist says the political forces are changing when it comes to regulation

Robin Ellison
clock 24 March 2025 • 11 min read
Trustpilot