pension


The Society of Pension Professionals (SPP) response to the
House of Lords Economic Affairs Finance Bill Sub-Committee
October 2025 call for evidence on reforming inheritance tax: unused pension funds and death benefits.

The SPP has two key concerns with this draft legislation – the proposed definition of “tax adviser” and therefore the scope of the legislation and the current omission of any exemption for pension professionals.

The SPP supports the concept of targeted support for pensions and believes it could play a part in improving savings decisions and preferences, reducing fees and charges, and increasing consumer confidence.

However, our response seeks to highlight potential barriers to success and areas of concern, making various suggestions for improvement.

The Diversity, Equity & Inclusion paper seeks to shine a light on neurodiversity in the pensions industry and features two articles detailing the thoughts of both Lynn Wassell, Chief Executive of national neurodiversity charity, The Donaldson Trust and Niraj Shah, Investment Analyst at LCP and a member of the SPP.