On 25 September 2025, the Financial Conduct Authority (FCA) published a statement in parallel with HM Revenue and Custom’s (HMRC) newsletter 173 on pension schemes, clarifying how its existing rules on cancellation rights operate.
FCA rules
Under FCA rules, consumers have a right to cancel certain contracts typically within 30 days
On 30 June 2025, the HM Treasury (HMT) announced that the Government will publish proposed draft legislation to support the FCA’s new ‘targeted support’ regime. This regime forms part of the government’s workplace pension roadmap and other complementary measures to address the challenges faced by pension savers. The FCA’s ‘targeted support’ regime enables
On 30 June 2025, the Financial Conduct Authority (FCA) published Consultation Paper 25/17 (CP25/17), setting out detailed rules for a new regulated proposition for targeted support in pensions and retail investments.
Targeted support
In CP25/17 the FCA is proposing a new form of support – targeted support – in pensions and
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.