Government publishes terms of reference for first phase of pensions review

Review aims to develop policy to drive scale and consolidation of workplace DC schemes

Martin Richmond
clock • 2 min read

The government has published the terms of reference for the first phase of its review of the pensions landscape.

The initial phase of the review, which was officially launched by chancellor Rachel Reeves last month, said it would focus on investment and seek to increase returns for savers and tackle "waste" in the pensions system. The review, which will be led by the first ever joint Treasury and Department for Work and Pensions (DWP) minister for pensions Emma Reynolds, outlined plans to unlock billions of pounds of investment from defined contribution (DC) schemes to potentially boost DC members' pots by more than £11,000. The review also announced it would work with the Ministry of Housing, C...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

Martin Richmond
Author spotlight

Martin Richmond

Senior Correspondent at Professional Pensions

More on Your profession

UK financial services M&A outpaces global deals in H1 as value surges eightfold

UK financial services M&A outpaces global deals in H1 as value surges eightfold

EY analysis

clock 07 July 2026 • 2 min read
Vanguard finds Gen Z leads investing shift as it prepares targeted support offering

Vanguard finds Gen Z leads investing shift as it prepares targeted support offering

Firm received FCA approval in April

Sophia Panayi
clock 07 July 2026 • 3 min read
Treasury Committee calls out 'mis-sold' student loans

Treasury Committee calls out 'mis-sold' student loans

An ‘unfair and broken system’ as report urges government to reverse frozen threshold

Sophia Panayi
clock 07 July 2026 • 4 min read