The PMI reacts to the Government’s Final Report on the Pension Investment Review - IFA Magazine

Government publishes final report on Pensions Investment Review

On 29 May 2025, HM Treasury (HMT), the Department for Work and Pensions (DWP) and the Ministry of Housing, Communities and Local Government published their final report on the Pensions Investment Review, along with related consultation responses. Background The Pensions Investment Review was launched by the Chancellor of the Exchequer on 20 July 2024, with a focus on tackling fragmentation in the defined contribution (DC) workplace pensions mark…

The PMI reacts to the Government’s Final Report on the Pension Investment Review - IFA Magazine

The PMI welcomes the Government’s Final Report on the Pension Investment Review. The PMI acknowledges that larger default funds may lead to better outcomes either through greater economies of scale or just being large enough to take advantage of the investment opportunities that require greater scale. The PMI welcomes the clarity around the approach to addressing fragmentation. There is a particular urgency to get older contract-based schemes so…