Scrapping Autumn Statement will give advisers 'breathing room' - Les Cameron

Hammond to move main Budget to the Autumn

Victoria McKeever
clock • 1 min read

Chancellor Philip Hammond's decision to move the main Budget to the Autumn will provide welcome breathing space from the "thick and fast" pension policy changes of recent years, Prudential has said.

Head of technical Les Cameron (pictured) said advisers were still trying to keep up with existing legislative changes, with Prudential's helpline receiving about 12,000 calls a year. Hammond announced on 23 November he would switch the two Budget events around but use the Spring Statement merely to respond to forecasts from the Office of Budget Responsibility. He would not use it to make any changes unless there was a "major fiscal event", he said. Cameron said: "I think this will bring a nice rhythm to industry legislation and give breathing room to policy changes we've had so far...

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 Regulation

Law, not likes: Cracking down on social media financial promotions

Law, not likes: Cracking down on social media financial promotions

‘Every individual social post or communication must comply with the rules’

Sarah Wylie and Owen McLennan
clock 28 October 2024 • 4 min read
How Labour can support investment management vibrancy

How Labour can support investment management vibrancy

The formation of a new government – now just over 100 days’ old – has brightened the spotlight on UK financial services regulation, writes IIMI CEO Dani Hristova

Dani Hristova
clock 28 October 2024 • 4 min read
Number of non-financial misconduct reports in the City spikes in three years

Number of non-financial misconduct reports in the City spikes in three years

FCA reveals survey results

Cristian Angeloni
clock 25 October 2024 • 4 min read