Today, more people in the UK can expect to live for longer than ever before. Although this is something to celebrate, it also creates significant challenges. Not only is the number of people of working age supporting those in retirement falling, but millions of people aren’t saving – or aren’t saving enough – for their retirement.

To make sure people have the opportunity to enjoy an adequate income in retirement, we need to create a healthy and sustainable retirement savings environment combining state and private pensions.

The government has outlined its plans for the long-term reform of pensions. As well as making changes to state pensions, pensions reform through automatic enrolment will radically change the UK pension landscape.

What's changing?

From 2012, all employers, except for single person companies, will need to automatically enrol their eligible workers into either their own company pension or into the new national personal accounts scheme. In addition, employers will need to make minimum pension contributions.

Our involvement

Pensions reform is now enshrined in law and the government is currently firming up the regulations. We're working with the government, regulators, trade associations and other bodies to make sure that these regulations are not only robust, but also workable and deliver greater pension saving in the UK.

Find out more

You can keep up to date with the debate by reading our factsheets and blogs. We've also developed a dedicated pensions reform microsite to help you get ready for 2012.