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

Pensions were notably lacking from today's Spring Statement

Holly Roach
clock • 4 min read

Pensions have been largely excluded from the chancellor’s Spring Statement, not to the surprise of industry professionals.

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Sipps: How clients can avoid common retirement planning mistakes

Sipps: How clients can avoid common retirement planning mistakes

'Retirement planning stands as a cornerstone of long-term financial well-being'

James Floyd
clock 28 April 2025 • 4 min read
Origo completes pensions dashboard connection

Origo completes pensions dashboard connection

Completed connection ahead of this week’s first deadline

Holly Roach
clock 28 April 2025 • 2 min read
HMRC repays £44m in overpaid pensions tax during Q1 2025

HMRC repays £44m in overpaid pensions tax during Q1 2025

More than £1.4bn in overpaid pensions tax recouped since 2015

Martin Richmond
clock 28 April 2025 • 3 min read