History will look back on 2016 as the year when politics became predictably unpredictable.
Regardless of how you feel about the result of Brexit or President Elect Trump, one thing is clear: the world is changing and changing quickly.
What remains to be seen is how will these events filter down into policy decisions by government.
For the individual, pensions and retirement planning are often put to the bottom of the to-do list because it is seen as too complicated, too far away, or ‘tomorrow’s problem’.
As an industry, long-term policy is essential to help individuals plan for their future. However, over the past few years we have seen so many changes (e.g. pensions freedoms, changes to the lifetime allowance, introduction of LISA) that many find it difficult to navigate the current environment.
Later this month, we very well might get another dose of predictable unpredictably.
With the Autumn Statement fast-approaching, I’m interested to hear from the mallowstreet community for their predictions on what we can expect from the new Chancellor, Philip Hammond:
• What single pension-related measure would you most like to hear Philip Hammond announce in his first Autumn Statement, and why?
• Is the Government going to overhaul how DB liabilities are valued to reduce the burden on sponsors?