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Government to review FAA rules following Stagecoach pension transfer


By Callum Conway

The government has announced plans to review Flexible Apportionment Arrangement (FAA) regulations following the landmark transfer of the Stagecoach Group Pension Scheme (SGPS) to Aberdeen.

In a statement, Pensions Minister, Torsten Bell, confirmed that the Department for Work and Pensions (DWP) intends to consult on whether existing FAA regulations should be strengthened after a "novel use" of the mechanism enabled the asset manager to assume responsibility for the liabilities and assets of a DB pension scheme


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DC pension assets set to hit £1trn and overtake DB by 2031

The value of defined contribution (DC) pension assets in the UK is set to reach £1trn and overtake defined benefit (DB) scheme assets by 2031, figures published alongside the Pensions Commission's interim report have shown

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Pensions UK LA Conference 2026: LGPS local investments ‘should not be target driven’

Local Government Pension Scheme (LGPS) investment in local opportunities should not be ‘target driven’, The Good Economy CEO and co-founder, Sarah Forster, has advised

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Aviva secures FCA approval to launch targeted support service

Aviva has received regulatory approval from the Financial Conduct Authority (FCA) to provide targeted support to its customers, becoming the latest firm to launch services under the regulator's new regime

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Pensions UK LA Conference 2026: Almost three-quarters of LGPS funds expect ‘positive ratings’ from their independent governance review

Nearly three-quarters (72 per cent) of Local Government Pension Scheme (LGPS) funds expect ‘mostly positive ratings’ from their independent governance reviews, a survey at the Pensions UK Local Authority Conference has found

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Innovation from insurers resulting in faster risk transfer wind-up for DB schemes

Innovation from insurers is expected to result in faster wind-up processes for defined benefit (DB) pension schemes after risk transfer deals, according to Hymans Robertson

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Pensions UK LA Conference 2026: LGPS needs to be ‘seen’ to have good governance

The Local Government Pension Scheme (LGPS) needs to have, and crucially be seen to have, good governance to challenge any public concern, Hymans Robertson governance, administration and projects consultant, Michael Burton, has said

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The Department for Work and Pensions (DWP) has published a call for evidence on whether the alternative benefit quality requirements for UK defined benefit (DB), hybrid, and collective defined contribution (CDC) schemes are working as intended
Over a fifth of employers have never heard of pensions dashboards

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Targeted support currently only falls under the Financial Conduct Authority’s remit with DC schemes. Paige Perrin investigates if there could be space to explore expanding the regime to The Pensions Regulator’s jurisdiction of DB schemes and beyond

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Callum Conway explores whether pension schemes should prioritise preserving member choice or designing better defaults as the industry grapples with disengagement, decumulation and increasingly complex retirement decisions

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At the end of April, the long-running dispute about including investment mandation powers in the Pension Schemes Bill was finally settled with a last-minute compromise, after the row had threatened to sink the whole Bill. But why did this proposal to compel investment in some UK assets unite most of the pensions industry in opposition to it – and is the issue now really resolved? David Adams reports

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A widening gap is emerging in UK pensions’ climate ambition. While the largest schemes push ahead with net-zero targets and delivery plans, smaller DB funds are struggling to keep pace. Is this down to limited resources and regulatory reach, or a deeper question of relevance as many schemes edge towards their endgame?

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As the number of endgame paths increases, Gill Wadsworth explores how those managing DB schemes are deciding which route to take

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CDC in the UK pensions market
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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Podcast: Who matters most in pensions?
In the latest Pensions Age podcast, Francesca Fabrizi speaks to Capita Pension Solutions global practice leader & chief revenue officer, Stuart Heatley, about who matters most in pensions and how to best meet their needs

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