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UK Chancellor Rachel Reeves reviews pension contributions, aiming to boost retirement savings amid adequacy concerns.
Chancellor Rachel Reeves is set to review the UK's auto-enrolment pension scheme, potentially increasing employer contributions to workers' retirement pots. The review follows concerns that current contributions may not be sufficient for adequate retirement income. Reeves is also considering changes to cash ISA rules but has promised to keep the £20,000 annual limit unchanged. However, Labour MPs have faced criticism for their tax policies, which have raised concerns about the impact on businesses and taxpayers.
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