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UK pensions: TPR pushes DC consolidation under Pension Schemes Bill; Finance Act 2026 IHT implementation; MoneyHelper dashboard testing; FCA/ICO clarify use of vulnerability data

Published on: 02 April 2026

Published by a LexisNexis Pensions expert
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In this issue:

  • Pension Schemes Bill: DC consolidation
  • Finance Act 2026: pensions IHT
  • Pensions Dashboard
  • Scheme governance
  • Daily and weekly news alerts
  • Dates for your diary
  • Trackers

Pension Schemes Bill: DC consolidation

TPR intensifies call for DC trustee action after releasing fresh consolidation guidance and revising winding up guidance

In a blog posted on 31 March 2026, the Pensions Regulator (TPR) pressed trustees of smaller defined contribution (DC) occupational pension schemes to take action now and carefully review their future position amid accelerating consolidation and impending legislative reform under the Pension Schemes Bill. TPR also notes it has issued new consolidation guidance to assist trustees weighing a move into a larger arrangement, for example a master trust, and refreshed its guidance on winding up or transferring a DC scheme for schemes where shutting down could be the more suitable or better-value option overall. The blog follows TPR’s DC landscape report of 17 March 2026, which reported consolidation still continuing, with the tally of non-micro DC and hybrid schemes dropping by 15% in 2025 to 790—mirroring a similar fall the year before—predominantly among schemes with fewer than 5,000 members...

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