United Kingdom | Publication | February 2024
On February 8, 2024, the DWP announced the launch of the Small Pots Working Group.
The Group will be chaired by the DWP and has representation from various industry bodies, including the Financial Conduct Authority, the Pensions Regulator, the Pension and Lifetime Savings Association and the Association of British Insurers.
It will provide recommendations on how best to implement the proposed multiple default consolidator approach, set out in the Government's 2023 Autumn Statement.
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The Regulator has updated the questions included in scheme returns for DB and hybrid pension schemes. Most schemes are obliged to submit annual returns to the Regulator.
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The Information Commissioner’s Office (ICO) has published a consultation paper on new guidance about the process it follows when carrying out investigations and taking enforcement action using its powers under the UK General Data Protection Regulation and the Data Protection Act 2018.
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The Regulator’s latest market oversight report, published on November 18, 2025, reveals that some pension schemes still have work to do to get their member data ready for the launch of pensions dashboards next year.
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