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ARTICLE · 13 JANUARY 2020

The Pensions Brief: December 2019

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Following the general election on 12 December 2019, the Conservatives have been voted into Parliament. In the Conservatives' manifesto,...

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Issues affecting all schemes

Parliamentary pension promises

Following the general election on 12 December 2019, the Conservatives have been voted into Parliament. In the Conservatives' manifesto, which was followed by the Queen's Speech on 19 December, the Conservatives made the following promises in respect of pensions:

  • to maintain the state pension "triple lock";
  • to conduct a comprehensive review of the tax loophole that adversely affects those in net pay arrangements;
  • to conduct an urgent review of the tapered annual allowance issue affecting the NHS Pension Scheme;
  • to "unlock" long-term capital in pension schemes to invest in and commercialise the UK's scientific discoveries; and

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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

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