TPR welcomes ‘once in a generation’ Bill to build a pensions system fit for the future

"On May 6, 2025, The Pensions Regulator issued an update regarding TPR welcomes ‘once in a generation’ Bill to build a pensions system fit for the future". The Pension Schemes Bill aims to introduce significant improvements for savers in both defined contribution and defined benefit schemes, focusing on delivering value for money and guiding savers towards the right retirement products. The regulator also welcomed the publication of the government’s ‘Workplace Pensions - a roadmap’ document, providing a strategy for delivering a futureproofed private pensions system.