Chancellor Jeremy Hunt and Department for Work and Pensions (DWP) work and pensions secretary Mel Stride have outlined the government’s approach to pensions reform following today’s (22 November) Autumn Statement in letters to The Pensions Regulator (TPR) and Financial Conduct Authority (FCA).
Pot for life reforms mark a “sea-change” in workplace pension provision and need careful consideration before implementation, leading industry figures say.
Chancellor Jeremy Hunt is set to unveil “pot for life” reforms that will give workers the right to nominate the pension scheme their employers pay contributions to.