Overview
- Pension dashboards enter phased rollout in 2026 with a statutory deadline for all schemes to connect by 31 October, with timelines varying by scheme size and type.
- The FCA’s Targeted Support regime is scheduled for April 2026 subject to parliamentary approval, allowing authorised firms to provide tailored group recommendations that bridge the gap between guidance and full advice.
- The Pension Schemes Bill is expected to become law around mid‑2026, introducing guided retirement requirements for defined contribution schemes to offer default options that convert savings into income.
- Policymakers are targeting consolidation of small deferred pots, with about 13 million worth under £1,000, and a Small Pots Delivery Group developing transfers to authorised consolidators for implementation likely around 2030.
- Direct impacts for retirees include a 4.8% state pension increase from April 2026 and a phased rise in the state pension age from 66 to 67 between 2026 and 2028.