Rachel Reeves

Autumn Budget pension announcements and IGG buys KGC Associates

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

Commentators say speculation on pension issues has negatively impacted saver confidence

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

Measure will come into force from April 2029

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

Potential cap on salary sacrifice contributions, Howden acquires EPFS, and government to reconsider rejection of Waspi compensation

ABI says two in five will save less into their pension if chancellor caps scheme

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