Overview

• Labour's plan includes a taskforce to cut costs and improve investment options for pension funds.
• The review aims to boost the average pension pot by £11,000 and unlock billions in investment.
• Proposals include consolidating Local Government Pension Scheme assets to reduce fees and increase returns.
• Consideration of higher pension contribution rates for workers is part of the review.
• Industry leaders support the reforms, highlighting potential benefits for UK businesses and economic growth.