Pensions: Reform
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 he has made of the expected impact of pension scheme consolidation on competition within the pensions market.
Answered by Department for Work and Pensions
The department’s report on Pension Fund Investment and the UK Economy and the Impact Assessment accompanying The Pension Schemes Act 2026 is available at: Pension fund investment and the UK economy - GOV.UK and Impact Assessment.
The department recently published an Evaluation Strategy in collaboration with The Pensions Regulator, the Financial Conduct Authority, and HM Treasury. The Evaluation Strategy is available here: Pension Schemes Act 2026 Evaluation Strategy - GOV.UK.
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