Government urged to decouple tax-free lump sum from other pension decisions

clock • 3 min read

The pensions freedoms rules should be amended to allow savers to access their 25% tax-free lump sum and leave the rest invested in their pension, Lane Clark & Peacock (LCP) has urged MPs.

  In response to the Work and Pensions Committee's three-part inquiry into freedoms, LCP partners Sir Steve Webb and Laura Myers proposed the change to improve outcomes for consumers after conce...

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

SPP: Government must move forward with adequacy review

SPP: Government must move forward with adequacy review

Sophia Singleton says we need the review in order to be honest with savers about what lies ahead

Sophia Singleton
clock 17 February 2025 • 3 min read
ICAEW issues guidance for accountants and auditors following Virgin Media ruling

ICAEW issues guidance for accountants and auditors following Virgin Media ruling

Professional body says auditors must consider the impact of the ruling

Jonathan Stapleton
clock 14 February 2025 • 2 min read
'More work needed' for trust-based schemes to make most of targeted support

'More work needed' for trust-based schemes to make most of targeted support

Advice Guidance Boundary Review proposals need clarification to provide trustees comfort

Jenna Brown
clock 13 February 2025 • 6 min read
Trustpilot