Pensions Investment Review: Final Report
By HM Treasury, Department for Work and Pensions & Ministry of Housing Communities and Local Government
The Final Report sets out the conclusions of the Pensions Investment Review, launched in July 2024. Legislation to implement the reforms will form part of the forthcoming Pension Schemes Bill.
The reforms will deliver a major consolidation in the Defined Contribution (DC) workplace pensions market. This will enable more investment in productive assets and greater potential returns for members of DC workplace schemes. A reserve power will also be taken in the forthcoming Pension Schemes Bill, to ensure the step-change in productive investment in the DC workplace pensions market.
The reforms will also deliver consolidation in the Local Government Pension Scheme in England and Wales (the LGPS). They will overhaul the way the LGPS invests to deliver large pools of professionally managed capital in line with international best practice, while embedding investment in local communities as a priority, placing the scheme on a stronger, more sustainable footing in the interest of members, employers and local taxpayers.
Get the report here
