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...
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