LCP urges trustees not to get 'caught out' on LTA abolition

Consultancy outlines four steps for trustees to follow to be ready for LTA abolition

Martin Richmond
clock • 2 min read
The abolishment of the LTA is expected to officially take effect on 6 April
Image:

The abolishment of the LTA is expected to officially take effect on 6 April

Scheme trustees should follow four rules to ensure they are fully prepared for the abolition of the lifetime allowance (LTA) in April, Lane Clark & Peacock (LCP) has said.

In a blog published today (29 February), LCP partner Alasdair Mayes noted while many pension scheme members will see little change since their benefits are within the tax-free allowances, there cou...

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 Industry

UK Pensions Awards 2025: Just over one week left to enter!

UK Pensions Awards 2025: Just over one week left to enter!

This year’s awards will be held on 12 June at The Brewery in London

Professional Pensions
clock 14 January 2025 • 4 min read
News Digest: Pension managers urge UK to ditch 'megafund' scale test

News Digest: Pension managers urge UK to ditch 'megafund' scale test

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 14 January 2025 • 1 min read
Buzz: Should LGPS pools consolidate?

Buzz: Should LGPS pools consolidate?

LGPS consultation, DC megafund proposals and pension fund clearing exemption

Professional Pensions
clock 13 January 2025 • 1 min read
Trustpilot