Labour plans pensions review if party takes power

Part of party’s plans to ‘reinvigorate’ UK’s capital markets

Martin Richmond
clock • 3 min read

The Labour Party has announced its intention to carry out an “in-government pensions and retirement savings review” if it wins the next general election.

In its paper Financing Growth - published yesterday (31 January) - Labour confirmed it would conduct the review of the pensions framework to "evaluate" whether it provides savers with sustainable incomes in retirement. As part of the review, the opposition party said it would work with industry and consumer groups to provide savers with the "best possible" returns and would also identify the barriers to increased investment by pension schemes into UK productive assets. Labour said its review would look at the entire pensions ecosystem across defined benefit (DB), defined contribution ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Pension freedoms and lessons from Down Under

Pension freedoms and lessons from Down Under

How the UK can build a more 'robust and supportive' system

Verona Kenny
clock 09 April 2025 • 4 min read
UK workers regret not learning about pensions sooner

UK workers regret not learning about pensions sooner

Over half admit to feeling out of their depth, research finds

Isabel Baxter
clock 08 April 2025 • 2 min read
Why is it so difficult to switch a pension? Navigating the transfer maze

Why is it so difficult to switch a pension? Navigating the transfer maze

‘If I didn’t work in pensions, I might have simply given up on many occasions

Lisa Picardo
clock 08 April 2025 • 4 min read