• Standard Life warned the April 2027 pension inheritance tax change risks undermining pension confidence, prompting some savers to consider alternatives.
• Its research showed 22% of adults reported lower confidence since the change was announced, despite official figures indicating about 7% of estates affected initially.
• Neil Jones said shifting away from pensions could reduce retirement income to avoid a tax many people may never pay.
• Standard Life estimated a mid-20s employee on £25k could forgo £5,014 at retirement by pausing contributions for one year.
• It urged those who may be affected to seek professional advice, citing pensions’ tax relief, compounding, and employer contributions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Standard Life plc published the original content used to generate this news brief on August 06, 2026, and is solely responsible for the information contained therein.