Phil says it best ... when he says nothing at all (on pensions)

No pension tinkering this Budget

Hannah Godfrey
clock • 2 min read

Financial advisers and other retirement experts finally got their wish this afternoon as Philip Hammond managed to resist any temptation to tinker with the pension regime in his 2017 Autumn Budget.

Speaking in the House of Commons on Wednesday afternoon, the Chancellor of the Exchequer did not utter a single word on pensions - or for that matter social care - throughout the entire hour-long speech. Such a hands-off approach is likely to be well received among the financial services sector - last month, for example, Professional Adviser spoke with several advisers who each said they would prefer Hammond to steer well clear of "tinkering" with pensions. Other retirement experts certainly welcomed the news. Aegon pensions director Steven Cameron described the lack of any mention of...

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