The Financial Reporting Council has launched a review into how pension illustrations are calculated to reflect new legislation, including guided retirement.
Industry reaction as the government and regulators set out what they believe guided retirement should look like, with a consultation now open until 22 December.
TPT plans to establish a multi-employer arrangement, provisionally called the TPT Collective Pension Scheme, and says 10 employers with more than 20,000 members have already expressed interest.
Scottish Widows is backing British technology companies through a new venture growth mandate, with investments planned in quantum computing, battery technology and healthcare.
Legislation promised in the Budget report will make it easier to consolidate the retirement sections of CDC and traditional defined contribution schemes.
The arrangement involves almost 100,000 members and is the biggest single transfer to a master trust yet completed in the UK’s defined contribution market.
How can DC schemes support members up to and throughout their retirement? At a recent Pensions Expert roundtable, scheme representatives discussed guided retirement, the limits of member engagement, and whether government reforms leave enough room for different approaches.
Read the full discussion here.
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Pensions minister Torsten Bell says expansion of CDC rules “can help more people benefit from a pension that provides security, simplicity and support throughout later life”.
Industry reaction as the government and regulators set out what they believe guided retirement should look like, with a consultation now open until 22 December.
TPT plans to establish a multi-employer arrangement, provisionally called the TPT Collective Pension Scheme, and says 10 employers with more than 20,000 members have already expressed interest.
Legislation promised in the Budget report will make it easier to consolidate the retirement sections of CDC and traditional defined contribution schemes.
Fresh from the Pensions UK Annual Conference in Liverpool, podcast co-hosts Nick Reeve and Tom Parker dissect the pensions minister’s speech and discuss AI, the state pension, and local government pensions.
Torsten Bell told the Pensions UK Annual Conference that the Value for Money regime could improve average returns for DC members, even if this resulted in some ‘herding’.

Every fortnight, Pensions Expert editor Nick Reeve and LAPF Investments’ Thomas Parker discuss the latest developments across the pensions and retirement sector on the Always A Pensions Angle podcast. Catch up with the latest episodes wherever you get your podcasts, or explore the archive.
With more pensions-related legislation predicted next year, a new report from the Society of Pension Professionals has highlighted six priorities for policymakers, regulators and the pensions industry to consider.
The UK has slipped two places in an international ranking of pension systems, with researchers calling for higher retirement savings and wider auto-enrolment coverage to improve long-term sustainability.
With pension adequacy at the forefront of industry reforms, Railpen’s Jonathan Clark urges policymakers not to forget the vital role played by open defined benefit pension schemes for millions of people across the UK.
Only 53% of women feel positive about their later years, according to research from Smart Pension
The DWP is seeking to establish a “federated” system of consolidator schemes that can automatically combine deferred DC pots worth less than £1,000, where the saver has not done so themselves.
Providers including Nest, the People’s Pension, Smart Pension, and Now Pension have established Pathfinder, a working group that will explore “practical ways to improve pension transfers”.
The new study will track how the ‘lost pots’ landscape has changed, examining the number of missing pots, their value and age distribution, while also exploring the underlying causes and the implications for savers and policymakers.
Pensions UK Annual Conference: A feasibility review of small pots consolidation, overseen by Pensions UK, has found that more than a million pots under £1,000 could be consolidated, while approximately 800,000 pots are unlikely to be consolidated.
Comment and opinion
The Friday Takeaway: The importance of good guidance
2026-11-06T15:53:00+00:00
IFS: Which workers should automatic enrolment reforms target?
2026-09-30T08:10:00+01:00
Guided retirement: designing pension systems that work with and for human nature
2026-09-23T08:57:00+01:00
Beyond the workplace: Mapping the changing DC pensions market
2026-09-21T10:05:00+01:00
Prospect: Self-employed workers need more help to save for retirement
2026-09-14T13:55:00+01:00
Are AI tools fuelling an emerging pension complaints risk?
2026-09-07T08:46:00+01:00