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Pension plan to double £25 billion+ megafunds, boost investment and improve returns for savers

Published on: 16 June 2025

Table of contents

  • What was the background to the Pensions Investment Review and the two associated consultations on ‘Unlocking the UK pensions market for growth’ and ‘LGPS: Fit for the future’?
  • What was the outcome of the Review and the consultations?
  • What are the implications for pension schemes and the LGPS?
  • What happens next?

Article summary

Pensions analysis: The Pensions Investment Review was launched in July 2024 and issued its Phase One Final Report in May 2025. It is supported by the responses to two consultations, which were launched alongside the Interim Report in November 2024: ‘Unlocking the UK pensions market for growth’ and ‘LGPS: Fit for the future’. Written by John Morrison, senior associate in the Pensions team at CMS.

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