Rule changeUKHR leaders

Pension Schemes Act 2026: value-for-money ratings and default retirement income options

Takes effect January 2027 to December 2027By WorkblissUpdated October 19, 2026

What’s happening

The Act (Royal Assent April 29, 2026) brings a value-for-money framework for defined contribution workplace schemes (late 2026 to early 2027) and default retirement income options from DC master trusts in 2027 (other DC schemes in 2028), with small-pot consolidation from 2030.

What to do

Ask your pension provider how value-for-money ratings and new retirement defaults will affect your scheme and member communications.

How Workbliss can help

Workbliss financial wellbeing sessions explain changes like this in plain language, country by country.

Plan support for your teams

Source

womblebonddickinson.com. Checked October 19, 2026.