1. Home
  2. Media Centre
  3. Press releases
  4. Press releases 2023
  5. Autumn Statement commentary on lifetime allowance update from Clare Moffat
Patricia Corrigan
PR Manager

Share

Autumn Statement commentary on lifetime allowance update from Clare Moffat

Published  22 November 2023
   1 min read

Clare Moffat, Pensions and Tax Expert, Royal London:

"We now have the confirmation that removal of the lifetime allowance (LTA) will be going ahead in April 2024.

"We know the devil will be in the detail which we are expecting in the Finance Bill coming soon, and we hope to get clarification in how this will be implemented. Until we get this clarity making decisions and advising on LTA will remain challenging for advisers."

For further information please contact:

Patricia Corrigan, PR Manager   

About Royal London

Royal London is the largest mutual life, pensions and investment company in the UK, and in the top 30 mutuals globally*, with assets under management of £173bn, 8.7 million policies in force and over 4,500 employees. Figures quoted are as at 31 December 2024. Learn more at royallondon.com.

*Based on total 2022 premium income. ICMIF Global 500, 2024

More press releases you might like

Autumn Statement commentary on National Insurance changes from Clare Moffat

Clare Moffat, Pensions and Tax Expert at Royal London, comments on the National Insurance changes following the Autumn Statement.
Read more   about Autumn Statement commentary on National Insurance changes from Clare Moffat

Autumn Statement commentary from Jamie Jenkins

Jamie Jenkins, Director of Policy at Royal London, comments on the Autumn Statement.
Read more   about Autumn Statement commentary from Jamie Jenkins

Consumer Duty fair value prompts 37% of adviser firms to change their fee structure

Royal London, along with research partner, the lang cat, has found 37% of adviser firms have changed their fee structure as a result of completing the Consumer Duty fair value exercise.

Read more   about Consumer Duty fair value prompts 37% of adviser firms to change their fee structure

Continued reprieve for those worried about housing costs

Sarah Pennells, consumer finance specialist at Royal London, comments on the decision by the Bank of England to hold the base rate at 5.25 per cent.
Read more   about Continued reprieve for those worried about housing costs