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FCA 2026 UK pensions regulatory priorities: VFM framework, advice/guidance boundary, charge cap and performance fees, dashboards and digital tools, SIPP rules, and DC market modernisation.

Published on: 10 March 2026

Published by a LexisNexis Financial Services expert
Legal News
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Article summary

Original news Source: Financial Conduct Authority, Regulatory Priorities pensions.

News summary

The FCA’s March 2026 Regulatory Priorities for pensions outlines a forward-looking agenda for FCA-regulated firms active in pension business, with a particular focus on the contract-based DC market. The regulator highlights four central priorities:

  • Ensuring schemes are well run and deliver value for money
  • Promoting effective consumer support
  • Enabling growth and innovation
  • Modernising pensions and long-term savings

These priorities are closely tied to upcoming government reforms, especially the proposed VFM framework and other measures in the Pension Schemes Bill, with a clear signal that firms should prepare for significant operational and strategic change through 2026 and in the years ahead.

What has happened?

The FCA’s report explains that the pensions market is undergoing major change, driven principally by government reforms, and that its regulatory focus is tailored to this shifting environment. It stresses that the priorities apply to FCA-regulated entities involved in pension activity, and that the FCA intends to work closely with partners such as The Pensions Regulator and the Department for Work and Pensions (DWP) to support consistent outcomes across the pensions system...

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