Budget 26: Industry welcomes 'quiet' and 'low-key' Budget for pensions

Industry says government may be ‘keeping its powder dry’ ahead of Pensions Commission’s final report

Martin Richmond
clock • 5 min read
Picture by Kirsty O'Connor / Treasury
Image:

Picture by Kirsty O'Connor / Treasury

The pensions industry has welcomed a “quiet” and “low-key” Budget for the sector, after only minor changes were announced by the government.

In supporting documents published following the chancellor's Autumn Budget speech today (28 October), the government confirmed it would remove the two-year tax rule on lump sum death benefits, make...

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