Spring Statement

The government is scaling back issuance of index-linked gilts as a result of concerns over the long-term inflation impact they have on public finances.

Philip Hammond's financial update was empty of any direct pensions impacts as the chancellor sought to trim down the fiscal statement.

The Office for Budget Responsibility (OBR) has revised up the UK's GDP growth forecast for 2018 in today's inaugural Spring Statement, while forecasting inflation will fall to 2% by the end of 2018.

Do not expect any substantial pensions policy measures, if anything, in this week's Spring Statement, industry commentators have predicted.