Industry responds to DC and LGPS changes confirmed in Mansion House speech

Concerns about fewer individuals making decisions, member returns and sustainability

Jasmine Urquhart
clock • 5 min read
The industry has responded to changes announced in Rachel Reeves' first Mansion House speech yesterday (14 November)
Image:

The industry has responded to changes announced in Rachel Reeves' first Mansion House speech yesterday (14 November)

The industry has responded to reforms for defined contribution (DC) schemes and the Local Government Pension Scheme (LGPS) set out in the Mansion House speech yesterday (14 November).

Lane Clark & Peacock partner Tim Gilbert said chancellor Rachel Reeves' speech had not addressed two key needs in the short-term, of employers paying in higher contribution rates to the LGPS than i...

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

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

TPT run-on DB superfund, Pensions UK to make subscription model changes, pensions minister speaks at a conference

Professional Pensions
clock 10 October 2025 • 1 min read
Good News Corner: Aon's Lynda Whitney abseils for charity

Good News Corner: Aon's Lynda Whitney abseils for charity

Senior partner abseils down the Cheesegrater building to raise money for Maggie’s Centres

Jasmine Urquhart
clock 10 October 2025 • 1 min read
Imperative for savers to have trust in the pensions system, L&G says

Imperative for savers to have trust in the pensions system, L&G says

Value and returns for members ‘critically important’ as Pension Schemes Bill passes through parliament

Martin Richmond
clock 10 October 2025 • 3 min read
Trustpilot