PLSA 2024 Autumn Budget/Spending Review Representation

Achieving economic growth has been the defining mission of this Government so far. It is clear that the pensions sector will play a leading role in this ambition, evidenced by the Pensions Review that was launched in August and subsequent Pension Schemes Bill confirmed in the King’s Speech.

Our Budget submission covers 4 key areas including the role of pensions in encouraging UK growth, pensions tax relief, pensions adequacy and the State Pension. Crucially, all the measures put forward in the submission aim to ensure that pension investment takes place in the interests of savers and that everyone should be able to expect an adequate standard of living when they come to retire.