Autumn Statement

The chancellor's first Autumn Statement tinkered further with pensions. Jonathan Stapleton explains why this is the wrong way to approach long-term savings.

Here it is… A full list of all the benefits PP thinks will be exempted, protected and affected by the salary sacrifice restrictions announced by chancellor Philip Hammond yesterday.

The chancellor has confirmed the government will keep the state pension triple lock but warned it could be cut in future due to rising longevity.

Cuts to the Money Purchase Annual Allowance; a £1bn raid on salary sacrifice schemes; a pledge to keep the pensions triple-lock; and increases in the Insurance Premium Tax… Professional Pensions takes a look at the key Autumn Statement announcements....

The government has reaffirmed its commitment to crack down on pensions cold calling and give firms more powers to block suspicious transfers.

The government has announced a consultation into reducing the money purchase annual allowance (MPAA).

The chancellor will outline plans to ban pensions cold calling and give firms more powers to block suspicious transfers in this Wednesday's Autumn Statement.

There is much speculation over what next week's Autumn Statement could throw up for pensions, so what does the industry want to see?

The most popular stories were a potential RAA for British Steel Pension Scheme if the government shelves plans to change pension law, and Treasury plans to launch the pensions dashboard by next Spring.

A single rate of tax relief could be "far too attractive" for chancellor Philip Hammond to not consider introducing through his Autumn Statement, says public policy expert Iain Anderson.