On 11 June 2025, the Financial Conduct Authority (FCA) published a new webpage setting out examples of good practice and potential areas for improvement for firms providing retirement income advice.
Background
The webpage explains that, following its thematic review of retirement income advice, the FCA wanted to provide a short ‘bite-sized’ article to
On 29 May 2025, HM Treasury (HMT), the Department for Work and Pensions (DWP) and the Ministry of Housing, Communities and Local Government published their final report on the Pensions Investment Review, along with related consultation responses.
Background
The Pensions Investment Review was launched by the Chancellor of the Exchequer on
On 29 May 2025, the Financial Conduct Authority (FCA) published a statement responding to the Government’s final report on its Pension Investment Review.
In the statement, the FCA flags the importance of ensuring consumers get good value from their pension savings and notes that this has been a central part of its work
On 24 April 2025, the Pensions Dashboards Programme (PDP) published a report on personal pension providers’ readiness for pensions dashboards.
Background
The PDP explains that Ipsos carried out an online survey of Financial Conduct Authority (FCA) regulated pension providers to understand how they are preparing to connect to the pensions dashboards
On 17 April 2025, the Pensions Dashboard Programme (PDP) announced that the first pensions dashboard provider has finalised its connection to the pensions dashboard ecosystem.
The connection is in line with the staged timetable set by the Department for Work and Pensions (DWP) and the PDP notes that it follows the
Growth, says Rachel Reeves, is her “number one mission”. UK pension schemes, with vast assets, have since come sharply into political focus. In our new UK Pensions Briefing, we focus on three sets of government proposals with the potential to shake up the industry.
Please see our briefing here.
On 18 March 2025, the draft Pension Fund Clearing Obligation Exemption (Amendment) Regulations 2025 (the draft Regulations) were published on legislation.gov.uk, along with a draft explanatory memorandum.
The draft Regulations relate to the temporary exemption which pension scheme arrangements (i.e. pension funds) currently have from the clearing obligation, which requires them to clear
On 13 March 2025, the Pensions Dashboard Programme (PDP) published an updated set of standards.
Background
The PDP, as part of the Money and Pensions Service, has powers under the Pension Schemes Act 2021 and the Pensions Dashboards Regulations 2022 to set standards relating to the practical operation of pensions dashboards services
On 28 February 2025, the House of Commons (HoC) Work and Pensions Committee announced that it would hold an evidence session to examine progress towards delivering online pensions dashboards, which are intended to enable individuals to find information on all of their pension pots and their value in one place.
While it is