Autumn Budget 24: How Labour's announcements impact the pensions industry

Pensions industry reacts to chancellor Rachel Reeves’ first Budget

Holly Roach
clock • 6 min read
Picture by Kirsty O'Connor / Treasury
Image:

Picture by Kirsty O'Connor / Treasury

Chancellor Rachel Reeves earlier today (30 October) delivered the first Budget of this parliament and the first from a Labour government for more than 14 years.

The UK's first female chancellor confirmed she will raise taxes for the UK by £40bn, but chose not to target workplace pensions when seeking to raise tax revenues. Several among the industry hav...

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

More on Industry

UK Pensions Awards 2026: Entries close today!

UK Pensions Awards 2026: Entries close today!

This year’s awards will be held on 11 June at The Brewery in London

Professional Pensions
clock 23 January 2026 • 3 min read
Hidden 'systemic barriers' perpetuate gender pensions gap

Hidden 'systemic barriers' perpetuate gender pensions gap

Entrenched barriers, not lack of financial confidence to blame

Jenna Brown
clock 23 January 2026 • 3 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

PMI secures full buyout with L&G, Dr. Martens scheme and PIC complete buy-in, M&G sees 65% increase in BPA market

Professional Pensions
clock 23 January 2026 • 1 min read
Trustpilot