I have worked in the financial services industry for the past 20 years and a vast amount has changed in that time. As a system that can sample vast quantities of information, far past that of any human, ChatGPT (or other generative AI models) can certainly provide some interesting insight with regards to emerging trends.

As announced in the Spring Budget 2023, from 6th April 2024, the Lifetime Allowance (LTA) limit will be abolished, removing the cap on lifetime savings. We ask ChatGPT - with the changes to the Lifetime Allowance Limit in UK pensions, what innovations are likely to be created in inheritance tax planning?

Those who retired early in the pandemic are more likely to face poverty - in part due to some in this group having been 'forced' into early retirement. We ask ChatGPT - How might the COVID-19 pandemic have affected UK pension poverty levels?

Perhaps the biggest change for many in the UK in recent times is the change in the cost of living. This will clearly affect pension savings, as people have less disposable income. We ask ChatGPT - How might a cost-of-living crisis affect pension savings for different generations?

Angela, Technical Manager at a leading pensions firm, discusses the opportunities and threats of Consumer Duty with ChatGPT.