Treasury

LCP says appointments ‘improve the hope of joined up pensions policy’

Appointments come as new prime minister Keir Starmer continues to build his party

First address since election win

Reeves set to become UK's first female chancellor after Labour victory in the general election.

Pensions minister said vision of having one professional trustee on every board is ‘optimistic’

Chancellor felt ‘forced’ to act as number of people caught increased

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

Government will need to pay almost £30bn a year in 2023, 2024 and 2025

Pensions minister said LDIs ‘have their place’ but warned changes are needed going forward

‘Some rowing back’ may happen as framework is taken apart