Spring Budget 24: Chancellor 'remains committed' to pot for life reforms

Undertake 'continued analysis and engagement'

Chancellor Jeremy Hunt has today (6 March) reaffirmed the government’s intention to explore pot for life for workplace pension schemes.

The government said it "remained committed" to exploring a lifetime provider model for defined contribution (DC) pension schemes in the long-term. It said it would undertake "continued analysis and engagement" to ensure that this would improve outcomes for pension savers, and build on the foundations of reforms already underway, including the value for money framework. Spring Budget 24: Chancellor reaffirms DC and LGPS investment disclosures In his parliamentary address, the Chancellor reaffirmed that defined contribution (DC) and Local Government Pension Schemes would be asked to ...