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FCA pushes ahead with targeted support proposals


By Sophie Smith

The Financial Conduct Authority (FCA) is consulting on plans to allow firms to offer targeted support to consumers and provide suggestions to groups of consumers with common characteristics, in what has been hailed as a "once-in-a-generation" advice change.

The FCA said that the targeted support proposals have the potential to act as a stepping stone to simplified or more comprehensive investment advice, as well as helping to support UK growth by enabling increased investment and innovation


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Industry welcomes 'gamechanger' targeted support proposals; final hurdles still to be overcome

Industry experts have welcomed the Financial Conduct Authority's plans to allow firms to offer targeted support to help consumers with their pensions and investment decisions, with industry experts suggesting that the plans could be a "gamechanger" for many

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Bulk annuity pricing for DB schemes at ‘best level’ in over two years

The UK defined benefit (DB) pension scheme bulk annuity market is seeing its best pricing for over two years, according to Aon

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PA Northern Conference: Govt needs to support sustainability transition for progress to be made

If the government does not “get behind” the sustainability transition, then progress simply won’t happen, Trustee Sustainability Working Group (TSWG) founder and chair, Bobby Riddaway, has warned

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PCS members at MyCSP announce six-week strike over union recognition dispute

PCS members working for pensions administrator MyCSP have announced they will take six weeks’ strike action starting on 7 July in support of their campaign for full union recognition

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PA Northern Conference: TPR to launch MNT initiative in the next few months

The Pensions Regulator (TPR) is preparing to launch a “big initiative” in the next few months focused on whether commercial master trusts should be required to include member-nominated trustees (MNTs), TPR interim executive director of market oversight, Julian Lyne, has revealed

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PA Northern Conference: 7 of 14 remaining VPs 'very close' to connecting to dashboards ecosystem

Seven out of the 14 remaining voluntary participants (VPs) are “very close” to finishing their connection journey to the pensions dashboard ecosystem, including the state pension team, Pensions Dashboards Programme (PDP) principal, Chris Curry, has confirmed

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L&G to facilitate DB surplus transfers to DC schemes

Legal & General (L&G) has announced that it will be providing defined benefit (DB) pension scheme trustees and employers with the capability to transfer surplus funds into defined contribution (DC) scheme arrangements, including the L&G Mastertrust
Milliken Industrials Limited Pension Plan completes £44m buy-in with Royal London

The Milliken Industrials Limited Pension Plan has completed a £44m buy-in with Royal London, securing the benefits of around 500 members
PA Northern Conference: Pension Scheme Bill could 'reshape' the pensions landscape

The government’s Pension Schemes Bill could "reshape" the UK pensions landscape, according to Pensions and Lifetime Savings Association (PLSA) deputy director of policy, Joe Dabrowski
This week in pensions: 23-27 June 2025

Pensions Age looks back on the key developments in the industry this week, including news from the Pensions Age Northern Conference, research on financial literacy and confidence, and government policy updates

Royal London publishes inaugural Climate Transition Plan

Royal London has published its first Climate Transition Plan, which outlines four key areas of action to support its climate commitments
Don’t miss your chance to enter the Irish Pensions Awards 2025

With only two weeks remaining until the entry deadline for the Irish Pensions Awards 2025, now is the time to showcase your achievements, innovations, and dedication to excellence in pensions


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The power of digital

Our panel of experts considers how the pensions space can make the most of the exciting developments in technology, while keeping a close eye on the associated risks

Cyber insurance for pension schemes

Cyber risk is a growing concern for the pensions industry. Aon associate partner, David Burwell, explores the challenges trustees face in securing adequate cyber insurance coverage

AI’s future within the pensions industry

Capita Pension Solutions managing director, Chris Clements, reveals Capita’s vision for AI in the pensions sector

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Capita Pension SAs industry change gathers pace, newly reappointed chair of the trustee board, Mark Condron, looks to a bright future with People’s Pension

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Shifting gears

As the pensions landscape consolidates and evolves, Paige Perrin examines how The Pensions Regulator is adapting its role by shifting toward a more ‘prudential’ style of regulation. But what does this mean for the industry, and how is it reshaping relationships between the regulators, pension schemes, and trustees?

Finally on target?

Callum Conway looks at why the freedom and choice reforms failed to close the pensions advice gap, and how targeted support might offer the solution

Getting to grips with the pension ethnicity gap

Pension engagement among non-white savers is still lagging, posing challenging questions for the industry to answer. As part of Pensions Age’s year-long focus on diversity, equity and inclusion (DEI), Jon Yarker finds out more

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Getting entangled in sustainable investing red tape

UK pension schemes have a unique role to play in driving sustainable impact, but complex rules are slowing momentum

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Regulators and policymakers continue to consult on whether DC schemes provide value

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political priorities? David Adams reports

Thinking differently

As part of Pensions Age’s year-long special focus on diversity, equity and inclusion (DEI),

Laura Blows explores neurodiversity and the pensions workplace

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The government has confirmed that it will share a pension reform roadmap, but exactly what should be at the top of this list? Sophie Smith reports

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Skipton group pensions manager, Andy Cheetham, pulls back the curtain on the pension scheme’s recent journey to a full buy-in

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Pensions Age sits down with Pension Administration Standards Association (PASA) chair, David Fairs, to discuss his newly appointed role and to find out how the association is raising administration standards and tackling data and dashboards challenges head-on

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Sandra Haurant considers how Trump’s tariffs may have shifted investor attitudes towards the

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The government’s plans to include pensions in the scope of inheritance tax has generated concern about how its rules can be feasibly implemented within the pensions industry. Laura Blows finds out more

Turning back time

DB schemes are currently enjoying funding surpluses, but haven’t we been here before? Laura Blows considers the changes and challenges that have occurred since the previous era of DB surplus in the 1980s/1990s, and the lessons to be learnt from that time

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A changing DC market
In our latest Pensions Age video interview, Aon DC senior partner and head of DC consulting, Ben Roe, speaks to Laura Blows about the latest changes and challenges within the DC sector

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Gavin Lewis, Head of UK and Ireland Institutional at BlackRock, talks to Francesca Fabrizi about the BlackRock 2024 UK Read on Retirement report, 'Ready or not. How are we feeling about retirement?’

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Podcast: A look at asset-backed securities
Royal London Asset Management head of ABS, Jeremy Deacon, chats about asset-backed securities (ABS) in our latest Pensions Age podcast
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In the latest Pensions Age podcast, Laura Blows speaks to TPT Retirement Solutions Chief Client Strategy Officer, Andy O’Regan, about the role of collective DC (CDC) within the UK pensions space

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