DC

Chancellor to unveil ‘biggest pension reforms in decades’

All schemes will be required to assess value for money for members

Framework designed to shift focus from costs to long-term value and deliver better outcomes

'Evolutionary, rather than revolutionary change' in pensions

Regulator monitoring the situation in financial markets closely to assess impact on schemes

Savers close to retirement likely to experience large falls in fund values

Govt plans to remove performance fees from DC charge cap

Falls in actual returns were offset by rises in expected future returns

‘Unrealistic’ outcomes

Government is ‘keen to move quickly'