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ARTICLE · 08 JANUARY 2024

What's Happening In Pensions - Issue 106

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Alongside the Chancellor of the Exchequer's Autumn Statement on 22 November 2023, the Government published various updates on the 'Mansion House reforms...

United KingdomEmployment and HR
Susie Daykin
Susie Daykin
Daniel Gerring
Daniel Gerring
Niamh Hamlyn
Niamh Hamlyn
David James
David James
Andy Lewis
Andy Lewis
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Nick White
Dan Naylor
Dan Naylor
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Listen to the introduction to What's Happening in Pensions - Issue 106.

Alongside the Chancellor of the Exchequer's Autumn Statement on 22 November 2023, the Government published various updates on the 'Mansion House reforms' (see WHiP Issue 104) and on the abolition of the lifetime allowance (see the separate item below).

The focus remains on the contribution of pension schemes to economic growth, including by much greater consolidation of DC scheme assets, which the Government believes will also improve member outcomes.

A web page and letters to the Pensions Regulator and the FCA summarise the Government's policy aims, including:

"At Autumn Statement the government has announced a comprehensive package of pension reform that will provide better outcomes for savers, drive a more consolidated pensions market and enable pension funds to invest in a diverse portfolio. These measures represent the next steps of the Chancellor's Mansion House reforms and meet

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