Chancellor Jeremy Hunt’s Mansion House Speech: Implications for DB schemes and DC savers

On 10 July, the Chancellor delivered his annual Mansion House speech, providing a comprehensive review of the current economic landscape and outlining a number of reforms and initiatives intended to support pension savings.

Initiatives range from the Mansion House Compact, enabling access to private markets; further work to consolidate small pots; the introduction of a new value for members framework; and the idea of a DB Superfund.

In this briefing note, we cover the reforms for DC and DB pension schemes set out in the Chancellor’s speech, including: 

• The three "golden rules"

• Key initiatives from DC perspective

• Key initiatives from DB perspective

If you have any questions on anything covered in this briefing note, please get in touch.