Spring Statement 25: 'As you were' following pensions exclusion

Chancellor Rachel Reeves delivered her Spring Statement today (26 March), but pensions remained largely untouched, despite opportunity to provide a timeline for the government's pensions review or clarity on defined benefit surplus proposals. The lack of pensions announcements has not come as a surprise to the sector as earlier this week the industry mostly predicted "Spring Statement silence". Standard Life said despite no mention of the second phase of the pensions review today, "hope remains" for an update in the coming months. Standard Life retirement savings director Mike Ambe...