Autumn Statement

NEST should be made the default auto-enrolment provider for small firms, according to a majority of respondents to Professional Pensions research.

This year's Autumn Statement saw planned increases to AE minimums delayed by six months. Helen Morrissey is not impressed.

Top stories online this week include the Autumn Statement, an updated code of conduct for defined contribution schemes, and a first bulk annuity deal for Scottish Widows.

Six-month delays 'disappointing' for an ageing population, critics argue

Statement brings 'clarity' to the current situation

The government has published criteria and guidance for pooling the Local Government Pension Scheme (LGPS) into six "British wealth funds" worth at least £25bn each.

The chancellor has cut eligibility for free childcare and tax-free childcare to families earning less than £100,000 and parents working more than 16 hours a week.

Large employers face an additional payroll tax of 0.5% to fund the chancellor's apprenticeship programme.

The government is to consult employers on the use of salary sacrifice schemes and "remains concerned about the growth" of such schemes.

PP's quick fire guide to what the Autumn Statement means for pensions.