Spring Budget 24: Industry responds to pot for life and VfM measures

Industry hopes PfL is ‘quietly dropped’ while DC rules welcomed if outcomes prioritised

Jasmine Urquhart
clock • 5 min read
The industry has reacted to the pot for life and investment disclosure announcements (HM Treasury)
Image:

The industry has reacted to the pot for life and investment disclosure announcements (HM Treasury)

The industry has responded to chancellor Jeremy Hunt’s announcements on confirming a requirement for defined contribution (DC) and Local Government Pension Schemes (LGPS) to disclose the level of investments in the UK.

Commentators have also noted the intention to focus on value for money (VfM), in addition to the reiteration of plans to pursue a lifetime provider model, with many noting challenges around impleme...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Industry

TISA and industry urge government to rethink IHT on pensions

TISA and industry urge government to rethink IHT on pensions

Research proposes simpler alternatives

Isabel Baxter
clock 15 July 2025 • 5 min read
News Digest: Only tax inherited pensions worth more than £90k, Reeves urged

News Digest: Only tax inherited pensions worth more than £90k, Reeves urged

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 15 July 2025 • 1 min read
Buzz: Do you support the commitments in the Employer Pension Pledge?

Buzz: Do you support the commitments in the Employer Pension Pledge?

Employer Pension Pledge, scheme investment mandation and pensions adequacy

Professional Pensions
clock 14 July 2025 • 1 min read
Trustpilot