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The Guardian - UK
The Guardian - UK
Politics
Hilary Osborne

Pension scheme shake-up may add £11,000 to retiree savings

Couple riding a bicycle in Hyde Park
Pension schemes will now have to offer their members retirement products. Photograph: Ariel Skelley/Getty Images

The more than 15 million people who save into workplace pension schemes in the UK may benefit from a shake-up designed to add £11,000 to the average retiree’s savings.

The package of measures announced in the king’s speech on Wednesday includes moves to help workers with many small pension pots by bringing them together.

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