Rachel Reeves

Pensions review delay, Waspi women denied compensation, Update on Virgin Media case

Chancellor will give accompanying statement to parliament on 26 March 2025

Government tells PP it will set out more details on phase two ‘in due course’

November shows aggregate surplus at around £211bn, with a record 117% funding level

PP survey finds industry split on DC consolidation proposal unveiled in Mansion House speech

Michael Summersgill says proposals risk 'fundamentally undermining' UK pensions system

PP Buzz survey finds 56% of respondents do not back move unveiled in the Autumn Budget

Smart Pension and SEI both raise concerns over chancellor’s plans and timelines

Concerns about fewer individuals making decisions, member returns and sustainability

Industry hits out at lack of proposals for private sector DB surpluses