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.
Publication
On June 3, the federal government introduced Bill C-2, the Strong Borders Act, which proposes significant amendments to Canada’s Anti-Money Laundering (AML) regime through updates to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.
Blog
On May 29, 2025, the Government published the outcome of its February 2024 consultation on options for DB schemes.
Publication
On 3 June 2025, the Financial Reporting Council (FRC) published an updated Stewardship Code, the UK Stewardship Code 2026, following a consultation process that ran from November 2024 to February 2025. It will apply from 1 January 2026 and replace the UK Stewardship Code 2020 (2020 Code).
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