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






