For Jon Greer, head of retirement policy at Quilter, this would be a radical move for the government.
He said: “It is an effective admission that the pension annual allowance taper is a broken policy that is too unpredictable and punitive, however it has taken the country to be on the cusp of a winter crisis in the NHS during an election for the government to address it.
“This would be a controversial policy given it offers NHS staff special treatment and ignores large swathes of high earning public sector workers who provide critical services everyday such as judges, teachers and transport workers.
“This quick fix to avert a crisis is the only option open to the government right now. Over the longer term the government should go much further – the noble thing to do would be to accept the taper is not fit for purpose and reverse it.”
The department for Health and Social Care has been approached for comment.
maria.espadinha@ft.com
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