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ARTICLE · 09 FEBRUARY 2026

What's Happening In Pensions - Issue 120

Travers Smith LLP
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The Financial Conduct Authority and the Pensions Regulator have issued a new joint consultation on their long-awaited value for money (VFM) framework for workplace defined contribution pension schemes.

United KingdomEmployment and HR
David James
David James
Daniel Gerring
Daniel Gerring
Niamh Hamlyn
Niamh Hamlyn
Chris Widdison
Chris Widdison
Catrin Young
Catrin Young
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In this issue:

Joint regulatory consultation on 2028 value for money framework: The Financial Conduct Authority and the Pensions Regulator have issued a new joint consultation on their long-awaited value for money (VFM) framework for workplace defined contribution pension schemes. The joint consultation closes on 8 March 2026, with the regime expected to come into effect from 2028.

Actuarial guidance published for the Virgin Media legislative fix: The Financial Reporting Council has issued the awaited Technical Actuarial Guidance for pension scheme actuaries to provide retrospective confirmation to validate historic alterations made to salary-related contracted-out occupational pension schemes. This is the penultimate piece of the Virgin Media jigsaw, the remaining one being the outcome of Verity Trustees v Wood in the High Court.

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