IMF addresses UK pension reforms in Concluding Statement

Article summary

The International Monetary Fund (IMF) has warned that reforms to the UK pension landscape aiming to unlock pension savings for higher-return investments should not undermine financial stability or pensioner outcomes. In its Concluding Statement following its mission to the UK, the IMF recognised the rationale for consolidating smaller pension funds but warned that these outcomes would take time and effort to realise and that caution is warranted around the implications to financial stability, particularly with regard to the ongoing defined benefit fund buy-outs.