The Society of Pension Professionals (SPP) analysis of Government plans to impose Inheritance Tax on unused pension pots from April 2027 - and "less costly, quicker, and ultimately more effective” alternatives.
- 17/01/2025
The Society of Pension Professionals (SPP) supports the Government’s overarching objectives to both invest more in the UK and boost saver returns. However, we aren’t convinced that these proposals are the best way to achieve this.
A minimum pension fund scale of £25bn AUM isn’t necessarily going to drive additional investment diversification or deliver better saver returns but could lead to unintended consequences of reducing competition, stifling innovation and potentially disadvantaging some minority groups.
- 16/01/2025
Whilst it is right for the Government to challenge the LGPS to assess its progress, the type and pace of changes being proposed run the risk of derailing some of the good work of the last decade, as well as impinging on administering authorities’ fiduciary duties. Within the LGPS it is not clear how these proposals will meet either of the Government’s objectives of improving pension outcomes for members or increasing investment in the UK.
As a result, the Society of Pension Professionals (SPP) urges policymakers to carefully reconsider both the nature and pace of some of these proposals.
- 13/01/2025
You need to be logged in to view this content.
You need to be logged in to view this content.
You need to be logged in to view this content.
You need to be logged in to view this content.
You need to be logged in to view this content.
This short paper sheds light on the various potential risks and opportunities by “busting” some of the myths along each stage of a scheme’s funding and investment strategy journey, with a view to making life under the new DB Funding regime as smooth as possible for all involved parties.
- 20/11/2024
You need to be logged in to view this content.
The Society of Pension Professionals (SPP) supports the Government’s efforts to legislate for the introduction of Collective Defined Contribution (CDC) legislation for multi-employer and master trust arrangements. However, we urge the Government to revisit a small number of areas that could be improved. For example, in relation to promotion and marketing activities; the potential to inadvertently transition between the connected and unconnected employer regimes; and the proposed constraints on changes in investment strategy, with the associated requirement to sectionalise.
- 18/11/2024
You need to be logged in to view this content.