News
L&G adds Targeted Support to proposition following FCA approval
This will allow L&G to send more relevant information to DC workplace pension members, focusing first on those whose pension savings are all in cash.
FCA
News
ABI welcomes FCA’s regulatory priorities for the pensions market
Charlie Bagley said: "These priorities will help make rules more effective to create a market that works better for everyone."
News
TISA urges FCA to ensure consistent pension transfer rules
TISA urged the FCA to work with the DWP to make sure proposed pension transfer changes are consistent and tested with consumers before final rules are set.
News
Aegon UK urges FCA to delay new DC pension consolidation rules until 2030
In its response to the FCA consultation CP25/39, Aegon UK said the proposed changes should wait until wider Government pension consolidation work is rolled out.
Pensions & Retirement
FCA launches consultation to make pension scheme value clearer for savers
Sarah Pritchard, deputy CEO at the FCA, said: "By working with the Government and TPR, we will help secure better returns for pension savers."
News
Pension withdrawals surge by 36% to £70.9bn as more savers access pots – FCA
The number of pension plans accessed for the first time increased by 8.6% to 961,575, compared to 885,455 in 2023/24.
News
FCA seeks boost to workplace savings to help workers build financial resilience
The FCA worked with partners to clarify how employers can stay within national minimum wage rules and how providers can meet financial promotions requirements.
News
Most savers risk poor retirement without tailored support, warns regulators
Patrick Coyne, interim director of pensions reform at TPR, said: “Millions could be drifting toward an uncertain retirement."
News
Capita Pension Solutions completes pensions dashboard connection
Chris Clements said: “We are looking forward to continuing to work with PDP to make pensions dashboards a reality."
News
Royal London completes pensions dashboard connection
Rory Marsh said: “This is a major step towards a significantly enhanced digital experience for customers.”
News
One in 10 UK adults have no savings – FCA
The survey found a third of adults with a DC pension had less than £10,000 saved, while 12% did not know how much they had in their pension pot.
News
Aegon completes pensions dashboard connection
This move covers around 70% of Aegon’s policies, with the rest of the schemes set to connect over the next few months as scheduled.