HM Treasury

Proposals could give flexibility for the sponsors of smaller and struggling schemes

AJ Bell calls for increase on £4,000 threshold to £10,000

Bank says there is a clear need for ‘urgent and robust measures’ to fill supervisory gaps

Experts said the reform package was a ‘welcome feature’ of the Autumn Statement

Pre-statement speculation on LTA and tax-free lump sums did not come to pass

Reforms cut risk margin and overhaul eligibility rules for matching adjustments

Move comes a fortnight earlier than planned

WTW says there is too much prescription in a supposedly principles-based framework

Move comes in bid to temporarily absorb selling of ILGs in excess of market capacity

Consultants say bulk annuity pricing could go either way depending on final reforms