Reports - Labour ditches plans for LTA carve-out for certain public sector schemes

Scottish Sun says Labour will reintroduce LTA but without exemption for NHS scheme

Professional Pensions
clock • 2 min read
Chancellor Jeremy Hunt announced the abolition of the LTA in his March Budget last year. Photo: Copyright HM Treasury
Image:

Chancellor Jeremy Hunt announced the abolition of the LTA in his March Budget last year. Photo: Copyright HM Treasury

Labour has scrapped plans to create a lifetime allowance (LTA) carve-out for certain public sector pension schemes, reports say.

Chancellor Jeremy Hunt announced the abolition of the LTA in his March Budget, with the limit due to be formally scrapped from April this year - plans the opposition said they would reverse, reintr...

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

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Mercer acquires SECOR, BAE Systems reports £800m pension surplus, TPR blog

Professional Pensions
clock 21 February 2025 • 1 min read
Pension funds set to boost scenario modelling spending, survey finds

Pension funds set to boost scenario modelling spending, survey finds

Survey finds most fund executives likely to up contributions as increasing risks predicted

Holly Roach
clock 20 February 2025 • 1 min read
Torsten Bell sets out pension challenges and solutions in paperback edition of book

Torsten Bell sets out pension challenges and solutions in paperback edition of book

Calls to enable more active ownership of UK shares and to increase AE minimums

Jonathan Stapleton
clock 20 February 2025 • 4 min read
Trustpilot