Autumn Statement 23: Chancellor unveils plan for DC scheme consolidation

Jeremy Hunt unveils plan to take forward Mansion House reforms for DC schemes

Martin Richmond
clock • 2 min read
Copyright HM Treasury
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Copyright HM Treasury

Chancellor Jeremy Hunt has announced plans for the majority of defined contribution (DC) savers to have their pension pots managed in schemes over £30bn by 2030.

Hunt confirmed the plans were part of his plans to advance his Mansion House reforms to consolidate the industry in a way that "improves outcomes for savers". As part of the Autumn Statement, th...

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