Spring Budget 23: Industry reaction

While the majority of attention from the Spring Budget was focused on significant changes to pensions savings - which will in turn impact on group life protection schemes - other changes relating to the protection and health insurance sector were also unveiled during Jeremy Hunt's budget. The removal of the lifetime allowance (LTA) on pensions savings formed a key part of the government's efforts to entice more people back to work, however David Williams, head of group risk at Towergate Health & Protection, said the move will have little impact on people who are out of work due to sickne...