UK Outlines Roadmap for DC Assessments, Scale Reforms and DB Changes

DWP confirms 'hugely necessary' change for anyone with a workplace pension

DWP has published an updated roadmap for workplace pension reform.

UK outlines roadmap for DC assessments, scale reforms and DB changes

Government confirms timelines for DC value-for-money assessments, consolidation reforms, guided retirement and DB surplus measures

Industry reacts as government issues updated pensions roadmap

With the government publishing its updated roadmap for reform on workplace pensions, advisers now have greater clarity on the direction of travel, from scheme consolidation and value for money reforms to default retirement solutions and pension dashboards. While many of the proposals are aimed at workplace pension providers, the changes will inevitably shape the advice landscape too. As workplace pensions evolve to deliver better member outcomes…

Jamie Jenkins, Director of Policy at Royal London comments on the DWP’s updated pension roadmap