Spring Budget 24: Industry disheartened by lack of AE reform announcements

Aegon and Standard Life say lack of progress on AE is a ‘missed opportunity’

Martin Richmond
clock • 2 min read
Spring Budget 24: Industry disheartened by lack of AE reform announcements

The pensions industry has expressed its disappointment at the lack of announcements regarding the expansion of auto-enrolment (AE) in chancellor Jeremy Hunt’s Spring Budget.

In his Spring Budget statement to the House of Commons earlier today (6 March), the chancellor confirmed the government's intention to compel defined contribution (DC) schemes and Local Government ...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

DC membership rockets but volatile markets impacting pot size, TPR finds

DC membership rockets but volatile markets impacting pot size, TPR finds

Scheme membership reached 28.8 million in 2023, up from 2.3 million in 2012

Holly Roach
clock 16 May 2024 • 4 min read
Limited DC members regularly engaging with their pensions

Limited DC members regularly engaging with their pensions

LCP says industry must ‘crack the code’ to unlock the full potential of the DC sector

Martin Richmond
clock 15 May 2024 • 2 min read
Well-managed defaults key to ensure late decision-making majority are not penalised

Well-managed defaults key to ensure late decision-making majority are not penalised

Survey finds majority only make pension decisions one year or less before retirement

Jonathan Stapleton
clock 14 May 2024 • 1 min read
Trustpilot