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...

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