Published by Global Banking & Finance Review®
Posted on July 4, 2025
1 min readLast updated: January 23, 2026
Rachel Reeves will announce a review of UK pension contributions, focusing on adequacy and savings. A commission will examine retirement savings to boost economic growth.
(Reuters) -British Finance Minister Rachel Reeves is expected to announce a shake-up of the UK pension system in her Mansion House speech on July 15, including plans to look at the amount companies and their staff set aside for retirement, the Financial Times reported on Friday.
Reeves plans to establish a commission to conduct a long-anticipated review of pension adequacy, examining auto-enrolment rates, the state pension, and retirement savings among the self-employed, the report added, citing executives familiar with her plans.
The Treasury did not immediately respond to a Reuters request for comment.
In July last year, Britain's government launched a review of the pensions system to look at ways to shift more investment into productive assets with the aim of boosting economic growth and improving retirement incomes.
(Reporting by Surbhi Misra in Bengaluru; Editing by Jamie Freed)
Rachel Reeves is expected to announce a review of the UK pension system, focusing on workplace pension contributions.
The commission will examine auto-enrolment rates, the state pension, and retirement savings among the self-employed.
The previous review aimed to shift more investment into productive assets to boost economic growth and improve the pension system.
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