30 May 2025
5 min
On 29 May 2025, the Government laid out plans for extensive pensions reform. They came in the form of the Final Report from the Pensions Investment Review, and the outcomes of three consultation exercises: on unlocking the UK’s defined contribution (DC) pensions market for growth, making the Local Government Pension Scheme in England and Wales fit for the future, and the options for defined benefit (DB) schemes.
These reforms aim to unlock the potential of a more productive pensions system, supporting UK growth in the private pensions sphere. In this 60-second summary, our experts Kathryn Fleming and Sachin Patel, summarise the key takeaways, and what this could mean for pensions, including:
You can download our insights here. If you have any questions or would like to discuss further, please get in touch with us.
Read our insights on the consultation outcomes
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