spring budget

Chancellor Jeremy Hunt confirmed the abolishment of the LTA in March

Proposals could give flexibility for the sponsors of smaller and struggling schemes

Members who hold valid enhanced or fixed protections will be able to accrue new benefits

Pension allowance reform praised by industry but cost and impact of measures questioned

LTA abolished, AA rises to £60,000 and both MPAA and MTAA increased to £10,000

Some fear the government could alter inheritance tax rules or hike the minimum pensions age to 60

Reports say LTA could increase from £1m to £1.8m and the AA from £40,000 to £60,000

Chancellor Rishi Sunak will deliver his mini-budget later today