Chancellor of the Exchequer Philip Hammond delivered his first Autumn Budget today, with pensions left largely untouched.
The Pensions Regulator (TPR) will clarify guidance on investments with long-term horizons as part of the government's plans to encourage pension funds to invest more in infrastructure, according to Autumn Budget documents.
Budget papers have confirmed the lifetime allowance (LTA) for pensions will increase to £1,030,000 for the tax year 2018/19.
There has been a huge rise in the number of DB to DC transfers since 2015. Stephanie Hawthorne looks at how demand is changing and what these changes mean for schemes.