DWP Pension Shake-up Will Give Major Finance Boost to More than 20 Million Brits
- The government introduced the Pension Schemes Bill on June 5, 2025, to improve retirement savings for over 20 million Britons across the UK.
- The Bill responds to problems from multiple small pension pots causing high charges and aims to simplify pensions and increase long-term value.
- Key provisions include merging pots of £1,000 or less, creating multi-employer megafunds of at least £25 billion, and introducing clearer default options for savers near retirement.
- Chancellor Rachel Reeves described the Bill as transformative, enhancing pension savings and channeling £50 billion in investment straight into the UK economy.
- The reforms aim to boost retirement incomes, enhance pension scheme efficiency, and promote economic growth, although concerns remain about adequacy of pension savings.
31 Articles
31 Articles
State pension under review as Government signals major retirement shake-up
The Government is preparing to overhaul the UK’s retirement framework in what could be a huge shake-up of pensions policy in the future.The review is expected to consider changes to the state pension age and payment levels, as ministers explore how the system can remain sustainable for future retirees.According to the Department for Work and Pensions, the second phase of the Pensions Review will "consider the balance of all three pillars of the …

The changes to pensions starting today that could help 20 million workers
Millions of people across the UK will find it easier to manage and get more from their pensions thanks to the Government’s new Pension Schemes…
DWP pension shake-up to give 20million Brits major boost to retirement savings - The Mirror
Labour's new Pension Schemes Bill is designed to help working people plan for their retirement by making pensions simpler to understand and manage and " driving better value over the long term"
Coverage Details
Bias Distribution
- 80% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage