Lifetime Allowance (LTA) Escalation % - The lifetime allowance on pensions is currently set to £1 million and remains fixed through 2017, with escalation starting in 2018, as set using the Lifetime Allowance (LTA) Escalation assumption.
Plan Preferences vs. System Preferences
Changes to this setting on the mirror Default Inflation / Growth Rates panel in System Preferences, on the left side of the screen, will be used only going forward, as you create new client cases. System Preferences are used as a template only for new client cases. Changes to System Preferences will not retroactively affect your existing client cases.
If you want to change this preference in any existing client cases, you will need to open and edit them individually, in each case's Plan Preferences.