Autumn Statement 22: All quiet on the pensions front

Pre-statement speculation on LTA and tax-free lump sums did not come to pass

Jenna Brown
clock • 2 min read
Autumn Statement 22: All quiet on the pensions front

Chancellor Jeremy Hunt avoided tinkering with pension rules in his first speech as chancellor, with pretty much its only mention being the reinstatement of the triple lock on state retirement benefits.

Millions of state pensioners will see their payments increase by just over 10% in April when the triple lock - the mechanism by which increases are determined - will be reinstated from its lower ‘d...

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 Industry

Five stories you may have missed this week

Five stories you may have missed this week

WPC inquiry on LDI and the launch of the Living Pension standard

Professional Pensions
clock 24 March 2023 • 1 min read
Hitchiner: We support the fundamental objectives of the new funding regime, but some aspects require revision

Consider refinement of DB funding code, says industry

TPR encouraged to increase simplicity ahead of the code’s publication in the spring

Martin Richmond
clock 23 March 2023 • 4 min read
One third face drop in retirement standards

One third face drop in retirement standards

One in three have moved from the PLSA ‘moderate’ to ‘minimum’ living standards

Jasmine Urquhart
clock 23 March 2023 • 3 min read
Trustpilot