Summary
This consultation sets out proposed reforms to deliver scale, accelerate consolidation and drive a focus on value over cost in the Defined Contribution (DC) workplace pensions market and explores other changes.
Consultation description
The author for this consultation is the Department for Work & Pensions (DWP). As such, all consultation information and related documents can be found on the on GOV.UK page, Pensions Investment Review: Unlocking the UK pensions market for growth
The aim of this consultation is to set out proposals to legislate for a minimum size and maximum number of Defined Contribution (DC) pension scheme default funds. These measures will enable the DC market to move to fewer, larger funds which are better placed to invest in productive assets and more able to deliver greater returns for members.
Ways to respond
Consultation closed — responses are no longer being accepted.