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Pensions: Reform

Asked by James McMurdockIndependentDepartment for Work and PensionsTabled Answered 8 September 2026UIN 25577

The question

To ask the Secretary of State for Work and Pensions, with reference to the speech entitled Pension reform, published on 20 July 2026, what recent assessment has been made of the expected impact of the pensions reform programme on retirement outcomes for defined contribution pension savers.

Answered by Department for Work and Pensions

In the Department’s published Impact Assessment for the Pension Schemes Act, it was estimated an average earner saving over a career may have around £29,000 more in their Defined Contribution pension pot at retirement as a result of the Pension Schemes Act 2026 measures.

More information can be found here:

https://bills.parliament.uk/publications/63860/documents/7447

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