Jonathan Hives, chief executive of First Sentinel Wealth, felt there was some mystery around how pension members and pensioners will be treated if Labour come into power.
He said: “Labour have committed to bringing back the LTA, it is quite extraordinary how one government can remove such a significant bit of legislation, and a rival party brings it back months later.
“Is it even possible for Labour to bring it back so quickly? I am not sure how they intend to navigate those complexities.
Whereas, Lisa Meller, founder of the Personal Finance Movement, would like the next government to review tax allowances which have been “significantly” reduced this tax year.
May 28: Shadow chancellor refuses to commit to tax cuts if elected
In a speech delivered in a Rolls Royce factory today (May 28) Reeves refused to say whether an incoming Labour government would cut taxes.
Reeves continuously repeated that although she wanted taxes to be lower she reiterated that Labour would not announce any cuts without knowing where the money would be coming from to fund them.
Tories pledge 'triple lock plus' tax cut for pensioners
The Conservative Party has promised to raise the personal allowance for pensioners via a 'triple lock plus' if they win July's general election.
In an announcement on Monday night, prime minister Rishi Sunak said as part of the plans the personal allowance for pensioners will increase by either 2.5 per cent, in line with average earnings or inflation - whichever is higher.
May 24: Renters reform bill shelved
The Conservative’s flagship bill to ban landlords from evicting tenants without a reason has been dropped ahead of parliament being prorogued.
In an update for MPs on May 23, leader of the house Penny Mordaunt did not include the bill among the legislation that will be debated before the proroguing.
The bill was passed through parliament in April, but no specific timeline was given as to when it would become law.
Ben Beadle, chief executive of the National Residential Landlords Association, said: “There has been too much dither and delay in government, and a failure to be clear about how to ensure changes would work in practice. Critically, the market now faces yet more crippling uncertainty about what the future of the private rented sector looks like."
May 24: Trade body calls for urgent reform of financial regulation
The Association of Investment Companies has urged whichever government gets into power to reform UK financial services regulation.
Richard Stone, chief executive of the AIC, said: “Accurate and meaningful disclosure of costs is critical to a properly functioning market where investors can make well informed decisions.
"Priips, Mifid, and the AIFMD are just three examples. There is cross-party support for the principle that the government sets the boundaries for regulation and the regulator then sets the rules. There is an urgent need for the incoming government to press on at pace with the transfer of rule-making in these areas to the FCA.”
