Westminster Business Forum

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Next steps for UK pensions services and regulation

TO BE PUBLISHED July 2026


Starting from: £99 + VAT
Format: DOWNLOADABLE PDF


This conference will assess next steps for UK pension services policy, regulation and sectoral development, focusing on practical implications of current and proposed reform for pension saving, adequacy and delivery.


It takes place as the Pensions Commission examines pensions adequacy, coverage and fairness, alongside the Third Review of the State Pension Age and the progress of the Pensions Schemes Bill - currently in its final stages.


It will bring together stakeholders and policymakers to discuss implications of these developments for contribution levels, coverage and long-term sustainability, including options for reforming auto-enrolment and extending participation among groups not currently included.


Delegates will consider approaches to improving retirement outcomes in a cost-effective way, including how approaches to managing funding pressures across employers, savers and government, as well as assessing what different options for the future state pension age could mean in practice for individuals, providers and public finances.


In the context of the Pensions Schemes Bill and related market reforms, sessions will assess proposals aimed at making pensions easier to manage and understand, including consolidation and the treatment of small pots, support needed for transition to scale, and next steps for investment in UK assets. Further discussion is expected on implications of Autumn Budget 2025 changes for the pensions landscape, including the Salary Sacrifice framework.


Sessions will also examine priorities for pension regulation and market oversight. Attendees will consider next steps for transparency and comparability of performance, costs and quality - drawing on insights from the FCA and TPR’s Value for Money Framework: Response to consultation. The practical rollout of the FCA’s Targeted Support framework will be discussed, alongside options for trustee governance standards as The Pensions Regulator updates its approach.


Further sessions will consider proposals set out in the Chancellor's Mansion House address on investment in UK assets, including the creation of Local Government Pension Scheme megafunds and questions around fiduciary duties and saver protection. Priorities for innovation in provision will also be discussed, including digital pension planning, the use of AI, and the role of Collective Defined Contribution schemes.


Overall areas for discussion include:


  • the Pensions Commission study: key considerations for adequacy, coverage and fairness - demographic change and fiscal constraints - contribution levels and long-term outcomes
  • State Pension Age: the Third Review of the State Pension Age - implications for private pension provision and retirement planning - distributional and intergenerational factors
  • Pension Schemes Bill: assessing implications of proposals for Defined Benefit and Defined Contribution scheme design - delivery challenges, sequencing and interaction with existing regulation
  • auto-enrolment reform: options for extending coverage and adjusting contribution levels - impact on employers, employees and scheme sustainability - cost-effective implementation
  • market dynamics: proposals for consolidation, megafunds and small pot solutions - implications for scale, governance and member outcomes - potential impact on competition and choice
  • regulation: the FCA and TPR Value for Money framework - transparency, comparability and accountability across schemes - implications for trustee decision-making and oversight
  • advice and support: rollout of the FCA’s Targeted Support framework - boundaries between guidance and advice - integration with dashboards and consumer protection arrangements
  • investment in UK assets: future of Mansion House Accord for investment in UK assets - reconciling fiduciary duties with policy objectives - implications for the Local Government Pension Scheme and private schemes
  • innovation and technology: regulatory approaches to digital pension planning - responsible development in use of AI - governance, data standards and cyber resilience considerations


This on-demand pack includes

  • A full video recording of the conference as it took place, with all presentations, Q&A sessions, and remarks from chairs
  • An automated transcript of the conference
  • Copies of the slides used to accompany speaker presentations (subject to permission
  • Access to on-the-day materials, including speaker biographies, attendee lists and the agenda