United Kingdom

Webinar Replay: Autumn Statement 2023

The 2023 Autumn Statement saw significant pensions developments, with a wide range of short, medium and longer term measures and consultations, including:

  • A reduction the tax rate on the return of DB surpluses to employers from 35% to 25% and a consultation on the wider structures around return of surplus
  • Consultation on giving savers a legal right to require a new employer to pay contributions to an existing pension pot if they choose, allowing ‘one pension pot for life’
  • Support for LIFTS initiative and a new Growth Fund within the British Business bank to give pension schemes new investment opportunities
  • Reduced effectiveness of salary sacrifice with reduction in Employee NI and increase in National Minimum Wage.

In this recording, a panel of Aon experts discuss announcements from the Autumn Statement including the key takeaways as well as the strategic opportunities, helping sponsors and trustees understand the recent and upcoming developments in pensions policy and regulation and take the most appropriate action in response.



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