News updates

25 November 2015

Main News

More pension reforms on the way

Pensions were the focus of several key announcements in the Autumn Statement.

The government announced that it is considering responses to its consultation on the tax relief system, and the findings will be published in the 2016 Budget.

Barriers to a secondary market for annuities are to be removed, allowing individuals to sell their annuity income streams. Further details will be made available in December.

Finally, the next two scheduled increases in minimum contribution rates for automatic enrolment are being delayed by six months each to align with the start of the tax year.

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