Budget 2023 - The big changes discussed

The Chancellor’s announcements on pensions in the Spring Budget have been branded as the ‘Most critical changes to pensions in a decade’. The big surprise was Jeremy Hunt’s move to scrap the lifetime allowance on pension pots in a bid to stem the wave of early retirement – but is it the right move?

And could the introduction of 30 free hours of childcare for children from 9 months help reduce the Gender Pensions Gap?

Phil takes a look at the impact the Spring Budget could have on savers with the help of Lauren Wilkinson from the Pensions Policy Institute and Simoney Kyriakou from the FT Adviser.