Labour’s plans to reinstate the pensions lifetime allowance (LTA) if elected at the General Election may be difficult to bring about.

The allowance was scrapped at the start of this tax year after the policy change was announced in Spring Budget of 2023.

David Piltz, CEO of benefits and HR consulting division in the UK at insurance firm Gallagher, told Express.co.uk: “This pledge seems to have been weakened over time and we do not expect material change if they win the Election.

“We have…