The state pension will be excluded from a proposed overall spending cap on benefits, Chancellor George Osborne has announced.
In today's Autumn Statement, Osborne said a cap would be introduced, to be set by the Chancellor at the start of each parliament. But he said the state pension and "the most cyclical elements of...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- 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
