The Chancellor is preparing to unveil a major revamp of pensions this week - here's what it is likely to target

Chancellor Rachel Reeves is expected to use her first Mansion House speech in London to announce pension reforms

Chancellor Rachel Reeves is set to announce huge changes to pensions on November 14. The alterations come after a controversial budget last month, which included increasing National Insurance payments for employers which some fear could lead to pay rise freezes and job losses.

Rachel Reeves is expected to unveil pension reforms this week which are intended to channel money into infrastructure and private businesses. The Chancellor is also expected to use her first Mansion House speech in the City of London to “spell out the next phase” of Labour’s plan in Government,