16 January 2025
Commenting on the announcement of Torsten Bell as new pensions minister, Karen Tasker, pensions audit partner, RSM UK said: “The frequent change of pensions minister adds a level of uncertainty to the pensions industry, and to pensions savers, who are trying their best to plan for their retirement against a backdrop of ever-moving goalposts. We’d like to see the government establish an independent pensions and savings commission which would look to maximise pensions returns long-term. Collaboration by all parties should avoid the short-term knee jerk policy changes that can derail planning for many. Today’s news of the possible reform or replacement of the triple lock with a less costly mechanism is another example of such changes.”

