Pension ‘pots for life’ set to be unveiled in Autumn Statement

Chancellor Jeremy Hunt is set to announce pension reforms including a ‘pot for life’, likened to bank accounts where employers can contribute, and workers can easily keep track of retirement savings. According to a report in newspaper The FT, Hunt is expected to announce reforms in the Autumn Statement tomorrow (Wednesday 22 November) allowing workers to nominate a pension scheme that their employer can contribute to. It is understood that Hunt wants to push forward with an agenda to unlock …