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Govt publishes LGPS consultation outcome and lays final pooling regulations


By Callum Conway

The government has published the outcome of its Local Government Pension Scheme (LGPS) 'Fit for the Future' consultation and laid final regulations to overhaul investment and governance arrangements across the scheme.

The new regulations, laid before Parliament on 21 May and due to come into force on 30 June 2026, will make asset pooling a legal requirement for the first time for LGPS administering authorities in England and Wales


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FRC issues finalised guidance for pension actuaries on Virgin Media ruling

The Financial Reporting Council (FRC) has issued finalised guidance to support pension scheme actuaries providing retrospective confirmation for historic rule changes, following the Pension Schemes Act 2026 receiving Royal Assent

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Pensions UK warns gaps in FCA’s simplified advice plans need addressing

Gaps in regulatory clarity and alignment in the Financial Conduct Authority’s (FCA) consultation on simplifying pensions and investment advice rules could limit their real-world impact, Pensions UK has warned

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DC master trusts' illiquid asset allocations rise following Mansion House Accord

Defined contribution (DC) master trusts have increased their target allocations to illiquid assets a year on from the Mansion House Accord, new research from Isio has found

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Don’t be afraid to be ‘different’ when designing decumulation strategies – Gallagher

Decumulation investment strategies need to be approached differently to accumulation, Gallagher co-head of investment, UK, Tara Gillespie has said, urging providers to “not be afraid to be different” when developing retirement investment journeys

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Newly self-employed people with private pensions changing saving habits

Almost half (49 per cent) of self-employed people with a private pension changed their pension saving habits after leaving pay as you earn (PAYE) employment, according to Standard Life

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News in brief - 22 May 2026

The latest news in brief and mandates from the past seven days

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Just 9% of Gen Z using their pension provider's app

Only 9 per cent of Gen Z adults (aged 18-24) have ever accessed their pension provider’s app, despite 81 per cent using mobile banking as their main way to manage money, according to research by Penfold
Institutional investors increasing allocations to insurance-related assets

Institutional investors are increasing their allocations to insurance-related assets in search of alternatives to traditional private markets strategies and more resilient portfolios, according to research from Gallagher Securities


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