Aviva boss urges Chancellor to clamp down on pre-budget policy rumours

The boss of insurer Aviva has urged the new Chancellor not to ‘fly kites’ with prospective policies ahead of the October budget after last year’s speculation around pension changes. (Aviva/PA) - (PA Media)

The boss of insurer Aviva has urged the new Chancellor not to “fly kites” with prospective policies ahead of the October budget after last year’s speculation around pension changes.

Chief executive Dame Amanda Blanc said widespread rumours that the Government might cut or restrict the 25% tax-free pension lump sum ahead of the autumn budget in 2025 led to a surge in early withdrawals.