Autumn Budget 2025

Autumn Budget pension announcements and IGG buys KGC Associates

Salary sacrifice cap, pre-97 inflation protection, DB surplus release, IHT and British Coal scheme

CPI-linked protections capped at 2.5% a year and will come into effect in January 2027

The chancellor chose to leave the tax-free lump sum unchanged in the Autumn Budget

The industry has responded to the chancellor’s decision to cap salary sacrifice for pensions at £2,000

The industry speculates on tomorrow’s Budget and discusses the impacts of possible reform

Louise Pettit and Richard Knight ask if changes will allow for one-off payments to members

PP survey finds 86% of industry says speculation is damaging members’ retirement confidence

Industry warns wider economic backdrop remains 'fragile' ahead of Autumn Budget

Budget change would hit the growth phase directly leading many to cut contributions