Pension Schemes Act becomes Law

DWP Press Release – Retirement boost of £29,000 awaits millions as landmark Pension Schemes Act becomes law (29 April 2026)

  • Pension Schemes Bill to receive Royal Assent, delivering major reform to the UK’s £2 trillion worth of pensions.
  • New rules aim to benefit 22 million people as they drive down costs and boost returns on retirement savings.
  • Act paves the way for the upcoming Pensions Commission to ensure savers can look forward to a comfortable retirement.