Industry responds to DC and LGPS changes confirmed in Mansion House speech

Concerns about fewer individuals making decisions, member returns and sustainability

Jasmine Urquhart
clock • 5 min read
The industry has responded to changes announced in Rachel Reeves' first Mansion House speech yesterday (14 November)
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The industry has responded to changes announced in Rachel Reeves' first Mansion House speech yesterday (14 November)

The industry has responded to reforms for defined contribution (DC) schemes and the Local Government Pension Scheme (LGPS) set out in the Mansion House speech yesterday (14 November).

Lane Clark & Peacock partner Tim Gilbert said chancellor Rachel Reeves' speech had not addressed two key needs in the short-term, of employers paying in higher contribution rates to the LGPS than i...

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