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United Kingdom

UK pensions: election consensus on reform, calls to streamline transfer flagging rules, and HMRC McCloud remedy tax service—plus news, trackers and key diary dates

Published on: 20 June 2024

Published by a LexisNexis Pensions expert
Legal News
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Article summary

In this issue:

  • The General Election
  • Transfers
  • Public sector pensions
  • Daily and weekly news alerts
  • New content
  • Dates for your diary
  • Trackers

The General Election

A strong alignment has formed around pensions policy ahead of the UK general election. With the three principal parties launching manifestos that show more overlap than friction, the pensions landscape looks set for a spell of relative calm. Rather than veering from the direction of Conservative reforms, Labour stated on 13 June 2024 that, if victorious on 4 July 2024, it will continue the current productive finance reforms. This development offers reassurance to a sector unsettled by a snap election and fatigued by frequent upheaval; the industry, which has found rapid shifts hard to absorb, appears relieved. David Brooks, Broadstone’s head of policy, noted that, as Conservative plans are also short on fresh proposals, the industry can ready itself for much-needed continuity over the next five years. The parties’ pensions platforms from the three leading contenders are considered below, starting with Labour, widely expected to win by a wide margin and bring an end to 14 years of Conservative rule...

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