Andy Burnham and John Healey to introduce 6 changes to private pensions next year

Prime Minister has appointed Mr Healey to Chancellor.05:58, 04 Aug 2026Andy Burnham and John Healey are to oversee a string of changes to private pensions in 2027. The Labour Party Prime Minister has appointed Mr Healey to Chancellor.‌Mr Healey replaced Rachel Reeves in No11, and it will now be up to him to oversee her previously announced changes to pensions, coming in 2027.‌Mr Healey will deliver his first Budget in the role on October 28. But that will come too late to deviate from the path already set out by Ms Reeves.‌READ MORE Andy Burnham told to scrap two HMRC tax rates in favour of three new bandsPreviously, Ms Reeves proposed changes to the way that pension benefits are treated for the purpose of inheritance tax (IHT).This Finance Bill change brings any unused pension funds (uncr