What does a Labour government mean for your pension?

Pensions have been a hot topic since Labour’s general election win, with the government promising a “big bang of reforms to unlock growth”. Will further measures be announced in the Budget?

Woman using calculator and looking at finances
(Image credit: damircudic)

In the three months since Keir Starmer’s government was formed, a lot has been announced on the topic of pensions

In July, chancellor Rachel Reeves promised a “big bang of reforms to unlock growth”, launching the first stage of a government review on the pensions landscape. Then, just before the summer recess, Reeves announced plans to axe the Winter Fuel Payment for all but the poorest pensioners, prompting a big conversation about Pension Credit

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Katie Williams
Staff Writer

Katie has a background in investment writing and is interested in everything to do with personal finance, politics, and investing. She enjoys translating complex topics into easy-to-understand stories to help people make the most of their money.

Katie believes investing shouldn’t be complicated, and that demystifying it can help normal people improve their lives.

Before joining the MoneyWeek team, Katie worked as an investment writer at Invesco, a global asset management firm. She joined the company as a graduate in 2019. While there, she wrote about the global economy, bond markets, alternative investments and UK equities.

Katie loves writing and studied English at the University of Cambridge. Outside of work, she enjoys going to the theatre, reading novels, travelling and trying new restaurants with friends.