Autumn Statement 23: Chancellor unveils plan for DC scheme consolidation

Jeremy Hunt unveils plan to take forward Mansion House reforms for DC schemes

Martin Richmond
clock • 2 min read
Copyright HM Treasury
Image:

Copyright HM Treasury

Chancellor Jeremy Hunt has announced plans for the majority of defined contribution (DC) savers to have their pension pots managed in schemes over £30bn by 2030.

Hunt confirmed the plans were part of his plans to advance his Mansion House reforms to consolidate the industry in a way that "improves outcomes for savers". As part of the Autumn Statement, th...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

Former company director pleads not guilty to pension fraud charges

Former company director pleads not guilty to pension fraud charges

Defendant charged with two counts of defrauding his workers’ pensions

Martin Richmond
clock 09 May 2024 • 1 min read
The importance of pension comms being 'private and confidential'

The importance of pension comms being 'private and confidential'

Richard Bacon and Jeremy Goodwin look at the learnings from Farley v Paymaster

Richard Bacon and Jeremy Goodwin
clock 08 May 2024 • 4 min read
Robin Ellison: Regulators and revolution

Robin Ellison: Regulators and revolution

PP’s regular columnist looks at a series of pushbacks against excessive regulation

Robin Ellison
clock 07 May 2024 • 12 min read
Trustpilot