Pensions: Reform
The question
To ask the Secretary of State for Work and Pensions, what data the Department holds on the average projected increase in retirement income resulting from the pensions reforms.
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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