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Chancellor vows ‘big bang on growth’ to boost investment and savings

News Financial services English General Updates
Date: 20th Jul, 2024 Source: HM Treasury Country: United Kingdom Original Source

Brief

Chancellor launches landmark review to boost investment, increase pension pots and tackle waste in the pensions system. New Pensions Bill confirmed in King’s Speech could boost pension pots by over £11,000, with further consolidation and broader investment strategies to potentially deliver higher returns for pensions. An investment shift in defined contribution schemes could deliver £8

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Chancellor launches landmark review to boost investment, increase pension pots and tackle waste in the pensions system. New Pensions Bill confirmed in King’s Speech could boost pension pots by over £11,000, with further consolidation and broader investment strategies to potentially deliver higher returns for pensions. An investment shift in defined contribution schemes could deliver £8

This content is restricted.

HM Treasury

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