Major changes to the UK pensions landscape are on the horizon in 2026.<\/p>\n
Three reforms are set to reshape how people save for – and access – their retirement income.<\/p>\n
Read all the latest Money news here<\/a> <\/p>\n Pension dashboards<\/p>\n Pension dashboards will begin rolling out this year, with all schemes required to connect by 31 October. Timelines will vary depending on scheme size and type.<\/p>\n Jonathan Watts\u2011Lay, director at WEALTH at work, says the dashboards will give people a view of all their pensions in one place, helping them make more informed decisions about their financial future.<\/p>\n The Targeted Support regime<\/p>\n The Financial Conduct Authority (FCA) is preparing to introduce a new Targeted Support scheme, expected in April 2026.<\/p>\n The regime is designed to bridge the gap between broad, generic guidance and fully regulated financial advice.<\/p>\n Authorised firms – for example, banks, building societies, pension providers or even employers working with a workplace pension scheme – will be able to offer tailored suggestions to groups of individuals who share similar financial characteristics, making support more accessible and affordable for those who may not seek full advice.<\/p>\n The timetable remains dependent on parliamentary approval.<\/p>\n Read more: The Pension Schemes Bill<\/p>\n Expected to become law by mid\u20112026, the Pension Schemes Bill aims to tackle:<\/p>\n Underperforming schemes;The issue of multiple small pension pots created through auto\u2011enrolment.<\/p>\n With around 13 million deferred pots worth under \u00a31,000 – and rising by one million a year – consolidation is seen as a crucial step.<\/p>\n A new Small Pots Delivery Group is developing the framework for transferring eligible pots to authorised consolidators, with legislation likely to take effect around 2030.<\/p>\n The bill also introduces “guided retirement”, requiring defined contribution schemes to offer default pension benefit solutions that convert savings into retirement income.<\/p>\n Jonathan Watts\u2011Lay warns that defaulting individuals into standardised options risks repeating past issues seen with annuities, where people missed out on better deals.<\/p>\n","protected":false},"excerpt":{"rendered":"Major changes to the UK pensions landscape are on the horizon in 2026. Three reforms are set to…\n","protected":false},"author":2,"featured_media":355122,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[84,4176,4174,4175,56,54,55],"class_list":{"0":"post-355121","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-finance","10":"tag-personal-finance","11":"tag-personalfinance","12":"tag-uk","13":"tag-united-kingdom","14":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/355121","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=355121"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/355121\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/355122"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=355121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=355121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=355121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Why are there two types of state pension?<\/a>
All the benefits and discounts available to pensioners<\/a>
Millions missing out on extra pension money – here’s how to get yours<\/a><\/p>\n