Professional Pensions: UK Pension Schemes Act - Turning reform into better retirement outcomes
The evolution of pension policy and schemes must maintain member outcomes as the top priority.
Professional Pensions: UK Pension Schemes Act - Turning reform into better retirement outcomes
Steve Charlton, Managing Director of Defined Contribution for our Institutional business in EMEA and Asia, shares insights on proposed UK pension reforms and the imperative for industry shifts to revolve around strengthening retirement outcomes for members.
“If implemented well, the Pension Schemes Act could help create a stronger pensions system, improved member engagement, and better long-term financial outcomes. But it will only happen if innovation, consolidation, and regulation remain aligned around the same objective: improving financial security in retirement rather than simply reshaping the market.”