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Written question asked by James McMurdock (Independent (affiliation)) on Friday, 28 August 2026, in the House of Commons. It was due for an answer on Wednesday, 2 September 2026. It was answered by Torsten Bell (Labour) on Tuesday, 8 September 2026 on behalf of the Department for Work and Pensions.


Workplace Pensions

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.

Answer

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


Secondary information

Type
Written question
Reference
25577
Session
2026-27
Grouped for answer
Yes
Subjects
Workplace pensions
Link
View this Written question on www.parliament.uk