This page focuses on regulatory developments – how the Pensions Regulator and the Financial Conduct Authority are using their moral hazard and other powers, evolving expectations and guidance, areas of regulatory focus and future initiatives.

Pensions Hub

FCA policy statement on improving outcomes in non-workplace pensions

FCA policy statement on improving outcomes in non-workplace pensions

On December 1, 2022, the FCA published a policy statement (PS22/15) setting out its final rules to improve the outcomes of consumers saving into non-workplace pensions (NWPs).

United Kingdom | Publication | December 28, 2022
Hampshire and Bauer decisions affecting PPF compensation levels not to be implemented by DWP

Hampshire and Bauer decisions affecting PPF compensation levels not to be implemented by DWP

The Retained EU Law (Revocation and Reform) Bill 2022 has completed its Committee stage in the House of Commons.

United Kingdom | Publication | December 28, 2022
Pensions Order enabling Regulator to share restricted information with MaPS laid before Parliament

Pensions Order enabling Regulator to share restricted information with MaPS laid before Parliament

An Order was laid before Parliament on December 7, 2022, and enables the Regulator to disclose restricted information to the Money and Pensions Service (MaPS) concerning its pensions dashboards role and to support delivery of pensions dashboard services.

United Kingdom | Publication | December 28, 2022
Pensions Regulator consults on its dashboards compliance and enforcement policy

Pensions Regulator consults on its dashboards compliance and enforcement policy

The Regulator has published a consultation document on its dashboards compliance and enforcement policy.

United Kingdom | Publication | December 28, 2022
Pensions Regulator and FCA publish update to joint regulatory strategy

Pensions Regulator and FCA publish update to joint regulatory strategy

The Regulator and the FCA have published an update to their 2018 joint regulatory strategy, which outlines how the two regulators will continue to work together to “deliver good outcomes for pension savers regardless of their pension type”.

United Kingdom | Publication | December 28, 2022
Pensions Regulator publishes trustee guidance statement on LDI

Pensions Regulator publishes trustee guidance statement on LDI

Following the turbulence in the gilts market in September, on November 30, 2022, the Regulator published a guidance statement urging scheme trustees who use liability-driven investment (LDI) to maintain an “appropriate level of resilience” in leveraged arrangements to better withstand a fast and significant rise in bond yields.

United Kingdom | Publication | December 28, 2022
Treasury reforms announced in financial services – pensions measures

Treasury reforms announced in financial services – pensions measures

The Government has announced a set of reforms to drive growth and competitiveness in the financial services sector.

United Kingdom | Publication | December 28, 2022
UK Pensions Briefing: Hands off my pension! How safe are judgment debtors’ and bankrupts’ pensions from creditors?

UK Pensions Briefing: Hands off my pension! How safe are judgment debtors’ and bankrupts’ pensions from creditors?

In recent years, there have been several cases in which a pension saver has been compelled by the Court to access their pension fund in order to pay a creditor. The Courts have now established the principle that debtors cannot protect assets in pension funds when they have a right to make withdrawals which could be used to satisfy a judgment debt.

United Kingdom | Publication | December 13, 2022
Pensions Regulator publishes blog and updated materials on its enforcement strategy and policies

Pensions Regulator publishes blog and updated materials on its enforcement strategy and policies

On October 25, 2022, the Regulator published a press release, highlighting its new enforcement strategy in all areas except auto-enrolment and, following a consultation in May 2022, its consolidated enforcement policy, updated prosecution policy and consultation response.

United Kingdom | Publication | November 29, 2022


Recent publications

wide angle abstract background view of steel light

Publication

Securities regulators amend investment limits for offering memorandum exemption

Canadian securities regulators have made changes to give investors greater access to exempt markets.

Canada | May 12, 2025

Capital markets

Publication

Hong Kong’s Strategic Initiatives for Attracting Specialist Technology and Biotech IPOs

By a joint announcement on 6 May 2025, the Securities and Exchange Commission and The Stock Exchange of Hong Kong Limited launched a dedicated channel for listing applicants of Specialist Technology Companies and Biotech Companies.

Global | May 12, 2025

Equity capital markets

Blog

Mansion House II: A new Compact

We turn our attention to proposed changes to the Mansion House Compact. This is a different strand of Government policy – the Compact is not legally binding, but rather a voluntary code aiming to increase investment in unlisted equity.

United Kingdom | May 07, 2025

Financial institutions
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