Budget: Little pension change a ‘welcome respite’
By Tom Carnegie, 22 Nov 17
It is “business as usual” for UK pensions as no major changes were included in the Autumn Budget by chancellor Philip Hammond, although some small tweaks were made to the lifetime allowance, asset management and the personal income allowance.
Asset management
Buried within the budget announcement was a pledge to publish a second version of the Investment Management Strategy, the first version of which was published by former-chancellor George Osborne in 2013.
“This will include actions, to be taken forward in close collaboration with the industry, on skills, harnessing financial technology solutions, mainstreaming innovative investment strategies, and continuing a coordinated programme of international engagement,” the budget said.
No date was given as to when this when this long-term strategy will be published.
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