Chancellor Philip Hammond's first and, as it turns out; last Autumn Statement was light on pensions regulation alterations - with changes to the Money Purchase Annual Allowance arguably the biggest surprise.
Much to the delight of the pension sector, a limited amount of tinkering was done to pensions regulation - and certainly in comparison with Hammond's immediate predecessor George Osborne. As Broadstone technical director David Brooks put it: "There is a feeling of general calm following the Autumn Statement - something pensions professionals have not experienced for a long time." Investment Association CEO Chris Cummings was equally positive, saying: "The government's decision to refrain from further changes to the UK's pensions tax regime today is a welcome one. "A stable tax envi...
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