Government publishes Pensions Investment Review interim report and launches consultations on DC and LGPS

Proposals on DC default funds and contractual overrides as well LGPS consolidation

Jonathan Stapleton
clock • 4 min read
Chancellor Rachel Reeves delivers her speech at the Financial and Professional Services Dinner at Mansion House in the City of London. Picture by Kirsty O'Connor / Treasury CC BY-NC-ND 2.0
Image:

Chancellor Rachel Reeves delivers her speech at the Financial and Professional Services Dinner at Mansion House in the City of London. Picture by Kirsty O'Connor / Treasury CC BY-NC-ND 2.0

The government has published the interim report of its Pensions Investment Review – setting out proposals it is consulting on to “deliver scale and consolidation” of the defined contribution (DC) market and the Local Government Pension Scheme (LGPS).

The report – published as chancellor Rachel Reeves delivered her inaugural Mansion House speech last night (14 November) – sets out interim findings of phase one of the Pensions Review, which was l...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

DC master trusts continue to increase illiquid allocations

DC master trusts continue to increase illiquid allocations

Isio says providers still favour globally diversified private market portfolios

Holly Roach
clock 22 May 2026 • 2 min read
UK inflation drops to 2.8% but DB schemes 'insulated' from shocks

UK inflation drops to 2.8% but DB schemes 'insulated' from shocks

Stagflation concerns remain in focus for investors this year

Patrick Brusnahan and Jonathan Stapleton
clock 20 May 2026 • 3 min read
Asset owners increase focus on liquidity as risk environment changes

Asset owners increase focus on liquidity as risk environment changes

Nearly three-fifths of UK asset owners say liquidity has become more important to their investment strategy

Jonathan Stapleton
clock 19 May 2026 • 2 min read
Trustpilot