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.
Tags: inheritance tax, legislation, Lords, pension, Pension Pots, Pensions, Tax,
This SPP paper explores the case for policies that will enable collective schemes, including DB and CDC, to thrive in the decades to come.
This SPP paper examines issues relating to disability in the pensions industry, featuring the thoughts of Kamran Mallick, Chief Executive of Disability Rights UK and SPP member Charlotte Feld, Consultant Lawyer, Travers Smith.
Tags: DEI, Disability, diversity, EDI, inclusion, Inclusive Futures, pension, Pensions, SPP,
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.
Tags: draft legislation, IHT, inheritance tax, legislation, pension, Pensions, Tax,
This consultation response suggests various improvements to ensure this legislation better delivers the original policy intent and avoids unintended consequences.
Tags: IHT, inheritance tax, legislation, pension, Pensions, Tax,
An insight into social mobility in the pensions and wider business world from the Society of Pension Professionals, featuring Sarah Atkinson, Chief Executive of the Social Mobility Foundation and Ian McQuade, Chief Executive of Muse Advisory.
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.
Tags: advice, guidance, pension, Pensions, targeted support,
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.
Tags: DEI, EDI, inclusion, Inclusive Futures, neurodiversity, pension, Pensions, SPP,
This SPP paper identifies what the Pensions Commission, recently revived to consider the question of pensions adequacy, should consider and why.
This includes defining “adequate”; identifying the under pensioned; better understanding the trade-off between adequate living and adequate saving; and improving public trust in and awareness of state provision. The paper also explores how disenfranchised groups could be better supported and calls for a long-term plan for increasing auto-enrolment contribution rates.
Tags: adequacy, investment, pension, pension gaps, Pensions, pensions commission, retirement, Saving, SPP,
The SPP very much supports the Bill and most of its broad aims from PPF levy flexibility and surplus release to the concept of default decumulation and improving Value for Money for DC schemes. However, we have made various suggestions as to how the Bill could be improved and we fundamentally oppose the the reserve power for government to mandate investment in private market assets.
This SPP Paper is a response to government plans to introduce a power in the Pension Schemes Bill that will allow them to dictate how pension funds invest by requiring a prescribed percentage of investment in UK productive assets.
Tags: compulsion, investment, mandation, Pensions, productive assets, productive finance, UK,
Although there have been many developments in the risk transfer process in recent years, there’s more that could be done in terms of both efficiency and effectiveness.
With this in mind, the SPP has published an insightful paper on how best to shape the future of the risk transfer process - “Less friction, better transfers: creating a more agile risk transfer process.”
Tags: Pensions, Risk transfer, transfer process; DB,