The government is set to publish an updated pensions roadmap "shortly", Pensions Minister, Torsten Bell, has revealed, as the industry prepares to implement reforms introduced by the Pension Schemes Act.

Speaking to journalists at the Pension Management Institute (PMI) Annual Conference 2026, Bell said the roadmap would provide greater clarity on the sequencing and timing of upcoming reforms, including measures on value for money, guided retirement and defined benefit surplus extraction.

Asked by Pensions Age what the government's immediate pension policy priorities were following the passage of the Pension Schemes Act, Bell said: "Delivery - implementing a very large amount of change to a system and doing it well, and working with the industry to make sure we get that right.

"Make sure we set out the phasing clearly. So we're publishing an updated roadmap shortly for the industry so they can see all of the next few years laid out in terms of when all the changes that we're talking about... are all being sequenced... everyone knows when they can prioritise engagement with the actual details of the regulation."

Bell added that the roadmap would help schemes and providers prepare for the reforms and understand when they should engage with consultations and regulatory changes.

"These are all actual real organisations, and they need to get it right," he continued.

"So, delivery, and then moving to next year, then the policy around the Pensions Commission."

Pressed on when the roadmap would be published, Bell confirmed it would be released "soon" but stressed it would focus on reforms already being implemented rather than on the ongoing work of the Pensions Commission.

"I'm not going to prejudge the Pensions Commission," he stated.

"The roadmap is specifically about policy change that is coming through that we are delivering.

"It's not about a commission that needs to launch, deliver its final report. It's important they get the space to do that. There's no point having independent experts and then getting in the way of that.

"The roadmap will mainly be laying out what's happening - what is the policy that's now being enabled."

The comments come after the Pension Schemes Act received Royal Assent in May, introducing a range of reforms across the pensions landscape, including measures on defined contribution consolidation, guided retirement, value for money assessments and defined benefit surplus extraction.

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