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The Guardian - UK
The Guardian - UK
Business
Hilary Osborne

UK pensions shake-up proposes traffic-light scheme

United Kingdom
A woman shakes hands with an older couple while seated at a table with coffee cups and official-looking papers
The UK government says it wants to see pension schemes working harder to give people better retirement incomes. Photograph: shapecharge/Getty Images

Workplace pension schemes could be rated with a traffic-light system under plans designed to help savers get the most out of their retirement savings.

About 16 million workers save for their retirement through defined contribution pension schemes where the income they ultimately receive depends on a range of factors, including the performance of the funds they are invested in and the charges.

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