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Govt and regulators launch consultation on guided retirement


By Callum Conway

The government and regulators have launched a consultation on introducing default retirement income solutions across trust-based and contract-based pension schemes, proposing a £10,000 threshold for mandatory longevity protection under its guided retirement framework.

The consultation, jointly developed by the Department for Work and Pensions (DWP), HM Treasury, the Financial Conduct Authority (FCA) and The Pensions Regulator (TPR), set out how the Pension Schemes Act 2026 provisions could be implemented


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DWP consults on draft legislation for retirement CDC

The Department for Work and Pensions (DWP) has published a consultation on the draft legislation for the introduction of retirement collective defined contribution (R-CDC) schemes, alongside its response to initial consultation on R-CDC pensions

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AMNT expands membership beyond MNTs for first time

The Association of Member-Nominated Trustees (AMNT) has widened its membership for the first time since its formation in 2010 to include employer-nominated trustees, directors, scheme secretaries, clerks to trustees, and other pension scheme representatives

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Fiduciary management fees rise by 14% for smaller pension schemes

Median fiduciary management base fees rose by up to 14 per cent for smaller pension schemes in 2025, reversing the previous year's downward trend, according to IC Select

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Half of adults lack the understanding needed to make retirement decisions

Half of UK adults do not feel they understand pensions well enough to make retirement decisions, while 47 per cent have no plan for their retirement finances, according to research from the Money and Pensions Service (Maps)

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DB scheme management burden remains despite funding improvements

Defined benefit (DB) pension schemes continue to demand considerable management attention from sponsoring employers, with 74 per cent of finance leaders describing the associated time commitment as significant, according to research from Standard Life

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Climate risks 'underestimated' as pension schemes urged to boost resilience investment

Pension schemes should look beyond the transition to net zero and increase investment in climate adaptation, as concerns grow that mainstream economic models may underestimate climate change's financial impact, according to a report from Cushon and the University of Exeter

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People’s Pension joins TISA to support vulnerable customer initiatives

People's Pension has joined The Investing and Saving Alliance (TISA) and will become a member of the organisation's Vulnerable Customers Working Group
TPR publishes guidance on responsible use of AI

The Pensions Regulator (TPR) has published guidance encouraging trustees to explore how they can embrace the opportunities presented by artificial intelligence (AI) in a responsible manner


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Pensions Age editor, Laura Blows, talks to Sophie Dapin, Director, Institutional Solutions EMEA at BlackRock, and host of BlackRock’s Rewiring Retirement podcast, about the growing interest in collective DC in the UK pensions market

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