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UK pensions weekly: Spring Forecast, Finance Bill IHT, HMRC QROPS/NMPA, TPR DB buy-out/surplus and DC decumulation, FCA targeted support gateway, PASA digital administration—5 March 2026

Published on: 05 March 2026

Published by a LexisNexis Pensions expert
Legal News
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Article summary

In this issue:

  • Spring Statement
  • Taxation
  • Retirement options
  • Funding
  • Scheme governance
  • Daily and weekly news alerts
  • Dates for your diary
  • Trackers

Spring Statement

Spring Forecast 2026—No key pensions announcements

The government’s Spring Forecast 2026 on 3 March 2026 featured no new pensions announcements. However, the Office for Budget Responsibility’s Economic and Fiscal Outlook, issued alongside the Chancellor’s statement, sets out the fiscal impact of earlier changes to the triple lock, the State pension age and inheritance tax. It also references the surplus within unfunded public service pension schemes. At the same time, HM Treasury’s Debt Management Report 2026–27, published with the Spring Forecast 2026, confirmed that intended issuance of index-linked and long-dated conventional gilts has been reduced owing to diminished demand from pension schemes. For more detail, see Spring Forecast 2026 speech, Economic and Fiscal Outlook March 2026, Debt Management Report 2026–27 and LNB News 03/03/2026 37...

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