Prudential summary: Significant changes to pension rules proposed
The government has recently issued two consultation documents, which if implemented will significantly change the pensions landscape in the UK:
- Consultation to remove compulsory annuitisation
- Consultation on the restrictions of pensions tax relief
There will be many views for and against different aspects of both of these consultations. View the proposals and Prudential's summary of the pension rules.
Please speak to your Prudential account manager if you would like to discuss these proposed changes in more detail and how they may affect your business.
