Improving pensions

Also this week the landmark Pensions Scheme Bill received Royal Assent, which represents the largest shake-up of UK pensions for decades and sees another Conservative manifesto promise kept, delivering a more sustainable pension scheme for workers and employers.

  • The Conservaive government has already transformed the pension landscape across the UK with automatic enrolment, meaning more people than ever before are saving for their retirement, and it is important they have confidence that their savings are secure.
     
  • The Pensions Schemes Act will make pensions safer by introducing jail time for pension plunderers, and make pension schemes smarter by creating one single platform so information about pensions is more easily accessible. It will also help the transition to a net zero future by introducing climate risk reporting on investments and changes to requirements around pension scheme funding to improve financial sustainability.
     
  • By helping make pensions safer, better and greener as we build back better, we will reassure savers that they can experience the dignity and financial security they deserve in their retirement.

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