The new Pensions Scheme Bill is set to make managing and accessing pensions much easier, as well as creating bigger and better pensions funds.
Introduced today (Thursday 5th June 2025), the new Bill is designed to maker pensions easier to navigate, and drive better value for workers in the long term. It will merge smaller pension pots worth £1,000 or less, which can be hard to keep track of as people move jobs frequently. The new rules will bring these pots together, helping savers see their full pension picture in one place.