Policy paper

The untapped potential of pensions

calendar icon 08 April 2025
time icon 4 min

Authors

Calum Cooper
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Calum Cooper

Head of Pension Policy Innovation

Laura Mclaren
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Laura McLaren

Partner and Head of DB Scheme Actuary Services

Paul Waters
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Paul Waters

Partner, Head of DC Markets

Hundreds of billions of pounds could be unlocked from pensions for UK growth through a package of policy changes we’ve outlined in a new paper The untapped potential of pensions. The paper shares our latest, bold, thinking on policy with a proposal for a cost-neutral plan to deliver Treasury and employer savings and better pension incomes.

As the government makes plans for phase two of the Pensions Review, the paper describes a raft of potential - costed - policy changes that could help the Treasury reap billions of pounds. It then explains how these savings could be directed into investment in the UK, to finance growth and improve retirements for millions.  
 
Download our paper to discover more on how our proposals could:

  • improve equity

  • unlock tens of billions of pounds annually

  • align pensions policy with national prosperity

If you would like more explanation of the ideas outlined in the summarised document, including the analysis, modelling and costing, please view the full version of the document here.

If you’d like to discuss any of the ideas this paper explores, please contact a member of the Policy Team, or get in touch here

The untapped potential of pensions

Download our publication below.

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